Hecla Mining Company (HL) Holdings Boosted by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC raised its stake in shares of Hecla Mining Company (NYSE:HL) by 17.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,191,257 shares of the basic materials company’s stock after purchasing an additional 331,680 shares during the period. TIAA CREF Investment Management LLC owned 0.55% of Hecla Mining worth $11,175,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of HL. Ameriprise Financial Inc. lifted its stake in shares of Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after buying an additional 4,384 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Hecla Mining in the second quarter worth about $124,000. Pacad Investment Ltd. lifted its stake in shares of Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after buying an additional 2,600 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Hecla Mining in the second quarter worth about $143,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Hecla Mining by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after buying an additional 802 shares in the last quarter. 59.35% of the stock is currently owned by institutional investors and hedge funds.
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Hecla Mining Company (NYSE:HL) opened at 5.29 on Thursday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 43.01 and a beta of 0.32. The firm’s 50-day moving average is $5.13 and its 200-day moving average is $5.32. Hecla Mining Company has a 52 week low of $4.61 and a 52 week high of $7.64.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.05). The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. Hecla Mining’s revenue was down 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. On average, equities research analysts predict that Hecla Mining Company will post $0.06 EPS for the current fiscal year.
Several research firms have recently weighed in on HL. Canaccord Genuity reissued a “hold” rating and issued a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. HC Wainwright reissued a “buy” rating and issued a $8.00 price target on shares of Hecla Mining in a research note on Sunday, June 25th. TheStreet raised shares of Hecla Mining from a “c+” rating to a “b” rating in a research note on Monday, June 12th. Finally, Zacks Investment Research downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.47.
Hecla Mining Profile
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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