804,227 Shares in Hecla Mining Company $HL Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama bought a new position in Hecla Mining Company (NYSE:HL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 804,227 shares of the basic materials company’s stock, valued at approximately $15,433,000. Retirement Systems of Alabama owned 0.12% of Hecla Mining at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Hecla Mining by 32.4% in the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after buying an additional 12,197,740 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hecla Mining by 13.4% during the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after buying an additional 8,452,401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hecla Mining by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after buying an additional 6,472,566 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Hecla Mining by 577.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,808,787 shares of the basic materials company’s stock worth $82,386,000 after acquiring an additional 5,804,298 shares during the period. Finally, State Street Corp grew its holdings in Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after acquiring an additional 4,453,706 shares during the period. 63.01% of the stock is owned by institutional investors.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the completion of the transaction, the vice president directly owned 216,641 shares in the company, valued at $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by insiders.

Hecla Mining Trading Down 0.1%

Shares of NYSE HL opened at $19.16 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Hecla Mining Company has a 12 month low of $4.46 and a 12 month high of $34.17. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 39.10 and a beta of 1.40. The business has a fifty day simple moving average of $21.90 and a 200-day simple moving average of $18.26.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th were paid a dividend of $0.0038 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.04%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Canaccord Genuity Group set a $26.50 target price on shares of Hecla Mining in a report on Friday, January 23rd. HC Wainwright increased their target price on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $21.63.

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.