Hecla Mining Company $HL Shares Acquired by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System boosted its Hecla stake 37.7% in Q4 to 553,168 shares, now worth about $10.6 million.
• Several analysts have raised price targets (e.g., Scotiabank to $25, BMO to $28, HC Wainwright to $36.50), but the consensus remains a "Hold" with an average target of $23.64 (2 Buy, 6 Hold, 1 Sell).
• Hecla shares opened at $17.59 with a market cap of $11.79 billion and a P/E of 35.89, and the company pays a very small quarterly dividend of $0.0038 (annualized $0.02, ~0.1% yield).

New York State Teachers Retirement System grew its holdings in Hecla Mining Company (NYSE:HL - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 553,168 shares of the basic materials company's stock after purchasing an additional 151,568 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Hecla Mining worth $10,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HL. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining during the fourth quarter worth $28,000. UMB Bank n.a. boosted 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 buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company's stock worth $37,000 after buying an additional 4,425 shares during the period. MAI Capital Management purchased a new position in shares of Hecla Mining during the third quarter worth $39,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Hecla Mining during the third quarter worth $44,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

HL has been the subject of several research analyst reports. Scotiabank raised their price target on Hecla Mining from $15.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Monday, January 26th. Roth Mkm set a $13.00 price target on Hecla Mining in a research report on Wednesday, February 18th. Canaccord Genuity Group upgraded Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th. BMO Capital Markets raised their price target on Hecla Mining from $16.00 to $28.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 27th. Finally, HC Wainwright raised their price target on Hecla Mining from $16.50 to $36.50 and gave the stock a "buy" rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $23.64.

Hecla Mining Stock Down 2.6%

Shares of NYSE HL opened at $17.59 on Tuesday. The stock has a market cap of $11.79 billion, a P/E ratio of 35.89 and a beta of 1.26. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12-month low of $4.51 and a 12-month high of $34.17. The business's fifty day simple moving average is $19.84 and its 200-day simple moving average is $19.33.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining's dividend payout ratio (DPR) is presently 2.04%.

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.

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