State of New Jersey Common Pension Fund D Sells 4,499 Shares of Hecla Mining (NYSE:HL)

State of New Jersey Common Pension Fund D cut its stake in shares of Hecla Mining (NYSE:HL) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,391 shares of the basic materials company’s stock after selling 4,499 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hecla Mining were worth $2,124,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Hecla Mining by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after purchasing an additional 1,506,573 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Hecla Mining by 148.9% during the first quarter. SG Americas Securities LLC now owns 39,208 shares of the basic materials company’s stock worth $189,000 after buying an additional 23,457 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Hecla Mining by 26.5% in the second quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company’s stock valued at $7,880,000 after acquiring an additional 340,000 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Hecla Mining in the 2nd quarter worth approximately $6,280,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Hecla Mining by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after acquiring an additional 2,238,559 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Up 3.5 %

Shares of Hecla Mining stock opened at $5.61 on Friday. The business has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $5.84. The stock has a market cap of $3.52 billion, a PE ratio of -140.25 and a beta of 2.00. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. Hecla Mining’s revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Research analysts predict that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.98%. Hecla Mining’s dividend payout ratio is -125.00%.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now owns 173,700 shares in the company, valued at $1,175,949. The trade was a 38.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on HL shares. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. Finally, TD Securities decreased their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.94.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.