Mutual of America Capital Management LLC Purchases Shares of 74,067 Hecla Mining Company $HL

Mutual of America Capital Management LLC purchased a new position in shares of Hecla Mining Company (NYSE:HL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 74,067 shares of the basic materials company’s stock, valued at approximately $896,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CIBC Asset Management Inc grew its stake in shares of Hecla Mining by 157.3% in the third quarter. CIBC Asset Management Inc now owns 48,703 shares of the basic materials company’s stock valued at $589,000 after buying an additional 29,772 shares in the last quarter. Oxbow Advisors LLC lifted its stake in Hecla Mining by 2,124.1% in the third quarter. Oxbow Advisors LLC now owns 429,549 shares of the basic materials company’s stock valued at $5,198,000 after acquiring an additional 410,236 shares during the last quarter. PFG Investments LLC lifted its stake in Hecla Mining by 18.5% in the third quarter. PFG Investments LLC now owns 12,830 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 2,001 shares during the last quarter. Strs Ohio grew its position in shares of Hecla Mining by 69.3% in the 3rd quarter. Strs Ohio now owns 61,800 shares of the basic materials company’s stock valued at $748,000 after acquiring an additional 25,300 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Hecla Mining by 207.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 946,872 shares of the basic materials company’s stock worth $11,457,000 after purchasing an additional 638,618 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Price Performance

Hecla Mining stock opened at $23.45 on Wednesday. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 75.65 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17. The stock’s 50 day moving average is $21.46 and its 200-day moving average is $14.47.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The firm’s quarterly revenue was up 67.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. Equities research analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 52,219 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the completion of the sale, the vice president owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. The trade was a 19.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the transaction, the vice president directly owned 906,370 shares in the company, valued at approximately $17,601,705.40. This represents a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 426,679 shares of company stock valued at $7,678,773. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HL. Roth Mkm reiterated a “sell” rating and issued a $16.00 target price on shares of Hecla Mining in a research note on Tuesday, January 27th. HC Wainwright boosted their price target on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. BMO Capital Markets raised their price objective on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.00.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.