Strs Ohio Grows Stock Holdings in Hecla Mining Company $HL

Strs Ohio raised its stake in shares of Hecla Mining Company (NYSE:HL - Free Report) by 126.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,700 shares of the basic materials company's stock after acquiring an additional 77,900 shares during the period. Strs Ohio's holdings in Hecla Mining were worth $2,681,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HL. Goldman Sachs Group Inc. grew its position in Hecla Mining by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company's stock valued at $23,827,000 after buying an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hecla Mining by 24.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company's stock worth $10,894,000 after acquiring an additional 380,448 shares during the period. Cetera Investment Advisers raised its holdings in Hecla Mining by 10.9% during the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company's stock worth $393,000 after purchasing an additional 6,450 shares in the last quarter. Prudential Financial Inc. lifted its position in Hecla Mining by 71.6% in the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company's stock valued at $435,000 after purchasing an additional 32,714 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Hecla Mining by 1.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company's stock valued at $922,000 after purchasing an additional 2,793 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Hecla Mining Price Performance

HL stock opened at $17.06 on Wednesday. The firm has a 50 day moving average of $19.70 and a 200-day moving average of $19.35. Hecla Mining Company has a 12-month low of $4.65 and a 12-month high of $34.17. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 34.81 and a beta of 1.26.

Hecla Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HL shares. Wall Street Zen cut Hecla Mining from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 29th. Zacks Research downgraded Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 13th. Roth Mkm set a $13.00 price objective on Hecla Mining in a report on Wednesday, February 18th. HC Wainwright increased their price objective on Hecla Mining from $16.50 to $36.50 and gave the stock a "buy" rating in a research report on Tuesday, January 27th. Finally, BMO Capital Markets raised their target price on Hecla Mining from $16.00 to $28.00 and gave the company 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 issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $23.64.

Hecla Mining 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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