California State Teachers Retirement System lowered its stake in shares of Hecla Mining Company (NYSE:HL) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 631,439 shares of the basic materials company’s stock after selling 67,085 shares during the period. California State Teachers Retirement System owned 0.16% of Hecla Mining worth $3,170,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Hecla Mining by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after purchasing an additional 288,819 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Hecla Mining in the 2nd quarter worth approximately $377,000. JPMorgan Chase & Co. boosted its holdings in Hecla Mining by 2,590.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock worth $5,477,000 after buying an additional 1,033,961 shares during the period. Teachers Advisors LLC boosted its holdings in Hecla Mining by 6.0% in the 2nd quarter. Teachers Advisors LLC now owns 710,279 shares of the basic materials company’s stock worth $3,622,000 after buying an additional 40,511 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Hecla Mining by 11.0% in the 2nd quarter. Principal Financial Group Inc. now owns 231,097 shares of the basic materials company’s stock worth $1,179,000 after buying an additional 22,815 shares during the period. Institutional investors own 60.28% of the company’s stock.
In other news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction on Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Theodore Crumley acquired 10,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of $3.49 per share, with a total value of $34,900.00. Following the completion of the acquisition, the director now directly owns 126,536 shares in the company, valued at approximately $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.
Hecla Mining Company (NYSE:HL) opened at $4.26 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. Hecla Mining Company has a fifty-two week low of $3.43 and a fifty-two week high of $6.78. The company has a market cap of $1,700.00, a price-to-earnings ratio of 71.00, a price-to-earnings-growth ratio of 24.92 and a beta of 0.20.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The firm had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was down 21.5% compared to the same quarter last year. equities research analysts anticipate that Hecla Mining Company will post 0.05 earnings per share for the current year.
Several research analysts recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $5.25 price objective on shares of Hecla Mining in a report on Friday, October 6th. Zacks Investment Research raised shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Hecla Mining in a report on Friday, October 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a report on Wednesday, September 20th. Finally, Royal Bank of Canada set a $6.00 price objective on shares of Hecla Mining and gave the stock a “hold” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.54.
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About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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