New Mexico Educational Retirement Board Makes New Investment in Hecla Mining Company $HL

New Mexico Educational Retirement Board bought a new position in Hecla Mining Company (NYSE:HL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 137,200 shares of the basic materials company’s stock, valued at approximately $2,633,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining in the 4th quarter worth about $28,000. UMB Bank n.a. boosted its holdings in shares of Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 2,390 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Hecla Mining during the 4th quarter valued at about $31,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 4,425 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Roth Mkm set a $13.00 target price on Hecla Mining in a report on Wednesday, February 18th. HC Wainwright dropped their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, April 29th. Finally, Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.25.

Hecla Mining Trading Down 1.2%

NYSE HL opened at $17.56 on Tuesday. Hecla Mining Company has a fifty-two week low of $5.28 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The stock has a 50 day simple moving average of $18.38 and a two-hundred day simple moving average of $19.99. The stock has a market cap of $11.78 billion, a P/E ratio of 42.82 and a beta of 1.25.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter last year, the business posted $0.04 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, analysts forecast that Hecla Mining Company will post 0.93 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a $0.0038 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.44%.

Hecla Mining Profile

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.