Hecla Mining (NYSE:HL) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in Hecla Mining (NYSE:HL) by 32.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,625 shares of the basic materials company’s stock after acquiring an additional 6,462 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hecla Mining were worth $48,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. acquired a new stake in shares of Hecla Mining during the second quarter worth approximately $41,000. Charles Schwab Investment Management Inc. grew its position in shares of Hecla Mining by 11.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,283,836 shares of the basic materials company’s stock worth $7,711,000 after buying an additional 445,874 shares in the last quarter. Bank of Montreal Can grew its position in shares of Hecla Mining by 3.8% during the second quarter. Bank of Montreal Can now owns 1,044,735 shares of the basic materials company’s stock worth $1,881,000 after buying an additional 37,793 shares in the last quarter. Corient Capital Partners LLC acquired a new stake in shares of Hecla Mining during the second quarter worth approximately $41,000. Finally, Waterton Global Resource Management Inc. grew its position in shares of Hecla Mining by 25.0% during the second quarter. Waterton Global Resource Management Inc. now owns 5,526,856 shares of the basic materials company’s stock worth $9,948,000 after buying an additional 1,105,085 shares in the last quarter. 58.17% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on HL. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. B. Riley raised their price objective on Hecla Mining from $2.20 to $2.30 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Cantor Fitzgerald set a $2.00 price objective on Hecla Mining and gave the stock a “hold” rating in a research note on Thursday, June 6th. BMO Capital Markets set a $1.00 price objective on Hecla Mining and gave the stock a “sell” rating in a research note on Friday, July 19th. Finally, ValuEngine upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.06.



HL stock traded down $0.07 during mid-day trading on Wednesday, reaching $2.00. The company had a trading volume of 6,163,440 shares, compared to its average volume of 9,285,645. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.01 billion, a P/E ratio of -18.21 and a beta of 0.96. Hecla Mining has a one year low of $1.21 and a one year high of $3.09. The stock’s 50-day simple moving average is $1.76 and its two-hundred day simple moving average is $1.87.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $134.17 million during the quarter, compared to the consensus estimate of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, research analysts forecast that Hecla Mining will post -0.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd were paid a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, August 22nd. Hecla Mining’s payout ratio is -9.09%.

In related news, Director Catherine J. Boggs bought 40,540 shares of the business’s stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $60,810.00. Following the completion of the purchase, the director now owns 40,540 shares of the company’s stock, valued at approximately $60,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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