VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.03 Million in Hecla Mining Company $HL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Hecla Mining Company (NYSE:HL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,850 shares of the basic materials company’s stock, valued at approximately $2,031,000.

Other large investors also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new stake in shares of Hecla Mining during the fourth quarter worth $28,000. UMB Bank n.a. increased its position in shares of Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 2,390 shares in the last quarter. Stone House Investment Management LLC increased its position in shares of Hecla Mining by 449.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,811 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 2,299 shares in the last quarter. Bogart Wealth LLC increased its position in shares of Hecla Mining by 382.8% during the fourth quarter. Bogart Wealth LLC now owns 3,191 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,530 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Hecla Mining by 137.4% during the fourth quarter. Fifth Third Bancorp now owns 3,198 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 1,851 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HC Wainwright reduced their target price on shares of 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 shares of 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. Roth Mkm set a $13.00 target price on shares of Hecla Mining in a report on Wednesday, February 18th. Scotiabank increased their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Finally, BMO Capital Markets increased their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.25.

Hecla Mining Stock Performance

Shares of HL opened at $17.64 on Friday. Hecla Mining Company has a 12 month low of $4.71 and a 12 month high of $34.17. The firm has a fifty day simple moving average of $19.02 and a 200 day simple moving average of $19.63. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 43.03 and a beta of 1.26. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Research analysts forecast that Hecla Mining Company will post 0.93 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

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

Hecla Mining Company 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.