State of New Jersey Common Pension Fund D Has $2.44 Million Position in Hecla Mining (NYSE:HL)

State of New Jersey Common Pension Fund D lessened its stake in shares of Hecla Mining (NYSE:HL) by 9.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 507,608 shares of the basic materials company’s stock after selling 50,068 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hecla Mining were worth $2,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Partners II LLC bought a new stake in Hecla Mining in the 3rd quarter valued at $52,000. Cornerstone Wealth Management LLC bought a new stake in shares of Hecla Mining in the fourth quarter valued at about $72,000. Banco Santander S.A. increased its position in Hecla Mining by 15.6% during the third quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 2,525 shares during the period. Keybank National Association OH bought a new position in Hecla Mining during the third quarter worth about $76,000. Finally, SG Americas Securities LLC acquired a new stake in Hecla Mining in the 4th quarter worth about $76,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HL shares. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. Roth Mkm raised their price objective on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.68.

Hecla Mining Stock Performance

Shares of HL opened at $4.74 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $6.30. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of -31.57 and a beta of 2.20. The business’s fifty day moving average is $4.59 and its 200-day moving average is $4.41.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The business had revenue of $160.69 million during the quarter, compared to analyst estimates of $151.51 million. During the same period last year, the business earned $0.02 earnings per share. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. Equities analysts anticipate that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is presently -13.33%.

About Hecla Mining

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.