Hecla Mining Company $HL Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in Hecla Mining Company (NYSE:HL - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 773,309 shares of the basic materials company's stock after acquiring an additional 137,122 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Hecla Mining worth $14,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HL. Quadrant Capital Group LLC increased its position in shares of Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in shares of Hecla Mining during the 4th quarter worth $29,000. Rothschild Investment LLC lifted its position in shares of Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company's stock worth $31,000 after purchasing an additional 781 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Hecla Mining during the 4th quarter worth $31,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company's stock worth $32,000 after purchasing an additional 957 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on HL. HC Wainwright lowered their price objective on Hecla Mining from $36.50 to $26.75 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Canaccord Genuity Group raised Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Weiss Ratings cut Hecla Mining from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, June 5th. Zacks Research upgraded Hecla Mining to a "hold" rating in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded Hecla Mining from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hecla Mining has an average rating of "Hold" and an average price target of $24.12.

Hecla Mining Price Performance

Shares of NYSE HL opened at $14.12 on Monday. The stock has a fifty day moving average price of $15.66 and a 200 day moving average price of $19.21. Hecla Mining Company has a 1-year low of $5.62 and a 1-year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The company has a market cap of $9.47 billion, a PE ratio of 34.43 and a beta of 1.32.

Hecla Mining (NYSE:HL - Get Free Report) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same quarter last year, the business posted $0.04 EPS. The firm's revenue was up 57.4% on a year-over-year basis. Sell-side analysts forecast that Hecla Mining Company will post 0.47 EPS for the current year.

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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