Hecla Mining Company $HL Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Hecla Mining Company (NYSE:HL) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,250 shares of the basic materials company’s stock after buying an additional 39,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hecla Mining were worth $5,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. EFG International AG purchased a new stake in Hecla Mining during the second quarter valued at about $36,000. International Assets Investment Management LLC increased its stake in Hecla Mining by 154.6% during the first quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,500 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Hecla Mining in the 2nd quarter worth about $39,000. Root Financial Partners LLC raised its holdings in shares of Hecla Mining by 26.9% in the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 538 shares during the period. Finally, Bullseye Investment Management LLC purchased a new position in shares of Hecla Mining in the 2nd quarter worth about $42,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HL has been the topic of several research analyst reports. Royal Bank Of Canada decreased their target price on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Jefferies Financial Group started coverage on Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 target price on the stock. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Scotiabank reduced their price target on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.34.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $13.53 on Monday. Hecla Mining Company has a 1 year low of $11.81 and a 1 year high of $34.17. The firm’s 50-day simple moving average is $17.71 and its 200-day simple moving average is $18.71. The firm has a market cap of $9.09 billion, a PE ratio of 27.61 and a beta of 1.44.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities analysts predict that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.