Teachers Advisors LLC Has $3.54 Million Position in Hecla Mining Company (HL)
Teachers Advisors LLC increased its position in shares of Hecla Mining Company (NYSE:HL) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 669,768 shares of the basic materials company’s stock after buying an additional 29,344 shares during the period. Teachers Advisors LLC’s holdings in Hecla Mining were worth $3,543,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in 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 during the period. Eqis Capital Management Inc. bought a new position in Hecla Mining during the first quarter worth $144,000. AXA bought a new position in Hecla Mining during the first quarter worth $293,000. Quantbot Technologies LP bought a new position in Hecla Mining during the first quarter worth $294,000. Finally, Sapphire Star Partners LP bought a new position in Hecla Mining during the first quarter worth $310,000. 57.53% of the stock is currently owned by institutional investors.
Hecla Mining Company (NYSE:HL) traded up 0.100% during mid-day trading on Friday, hitting $5.005. 971,493 shares of the company were exchanged. Hecla Mining Company has a 12-month low of $4.61 and a 12-month high of $7.64. The company has a market capitalization of $2.00 billion, a P/E ratio of 40.691 and a beta of 0.44. The company’s 50-day moving average is $5.18 and its 200 day moving average is $5.54.
Hecla Mining (NYSE:HL) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.05. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $130.54 million. During the same quarter in the previous year, the firm earned $0.06 EPS. Hecla Mining’s quarterly revenue was down 21.6% on a year-over-year basis. Analysts expect that Hecla Mining Company will post $0.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, August 21st. Hecla Mining’s payout ratio is presently 7.69%.
A number of research analysts have recently weighed in on HL shares. TheStreet raised Hecla Mining from a “c+” rating to a “b” rating in a research note on Monday, June 12th. 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. Royal Bank Of Canada reissued a “hold” rating and issued a $6.00 price target on shares of Hecla Mining in a research note on Tuesday, May 30th. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.94.
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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