California Public Employees Retirement System Reduces Holdings in Hecla Mining Company (HL)
California Public Employees Retirement System trimmed its position in Hecla Mining Company (NYSE:HL) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 632,428 shares of the basic materials company’s stock after selling 79,900 shares during the period. California Public Employees Retirement System’s holdings in Hecla Mining were worth $3,175,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Hecla Mining by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 3,143 shares during the last quarter. Advisor Group Inc. boosted its position in Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 16,561 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Hecla Mining by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after buying an additional 1,643 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Hecla Mining during the 3rd quarter valued at about $187,000. Finally, Stevens Capital Management LP purchased a new position in shares of Hecla Mining during the 2nd quarter valued at about $222,000. 60.28% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on HL shares. B. Riley reaffirmed a “neutral” rating on shares of Hecla Mining in a research report on Wednesday, November 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of Hecla Mining in a research report on Wednesday, November 8th. ValuEngine cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, HC Wainwright reaffirmed a “buy” rating and set a $8.50 price objective on shares of Hecla Mining in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.54.
Hecla Mining Company (NYSE HL) opened at $4.41 on Monday. Hecla Mining Company has a 12-month low of $3.43 and a 12-month high of $6.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. The firm has a market capitalization of $1,760.00, a PE ratio of 73.50, a PEG ratio of 28.45 and a beta of 0.20.
Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million for the quarter, compared to the consensus estimate of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm’s quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. sell-side analysts predict that Hecla Mining Company will post 0.05 earnings per share for the current year.
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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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