NJ State Employees Deferred Compensation Plan Boosts Stock Position in Hecla Mining (NYSE:HL)

NJ State Employees Deferred Compensation Plan raised its stake in Hecla Mining (NYSE:HL) by 105.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 410,000 shares of the basic materials company’s stock after purchasing an additional 210,000 shares during the period. NJ State Employees Deferred Compensation Plan owned 0.08% of Hecla Mining worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of HL. Wedbush Securities Inc. acquired a new stake in Hecla Mining in the first quarter worth about $25,000. Piedmont Investment Advisors Inc. acquired a new stake in Hecla Mining in the first quarter worth about $32,000. Heritage Investors Management Corp acquired a new stake in Hecla Mining in the first quarter worth about $43,000. Financial Advocates Investment Management boosted its holdings in Hecla Mining by 36.3% in the fourth quarter. Financial Advocates Investment Management now owns 28,867 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 7,686 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Hecla Mining by 14.1% in the fourth quarter. Raymond James & Associates now owns 38,519 shares of the basic materials company’s stock worth $91,000 after acquiring an additional 4,762 shares in the last quarter. Institutional investors own 60.24% of the company’s stock.

Shares of Hecla Mining stock traded down $0.01 on Friday, reaching $1.89. 5,368,387 shares of the stock were exchanged, compared to its average volume of 8,616,794. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.45. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.21. The company has a market capitalization of $923.84 million, a price-to-earnings ratio of -17.18 and a beta of 0.96. The company has a 50 day simple moving average of $1.78.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, May 9th. The basic materials company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 3.74% and a negative net margin of 10.40%. The firm had revenue of $152.60 million for the quarter, compared to analyst estimates of $150.31 million. During the same period last year, the firm earned $0.02 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts predict that Hecla Mining will post -0.11 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on HL shares. CIBC downgraded Hecla Mining from a “neutral” rating to an “underperform” rating and set a $1.56 price target for the company. in a report on Tuesday, May 14th. Cantor Fitzgerald set a $2.00 price target on Hecla Mining and gave the stock a “hold” rating in a report on Thursday, June 6th. ValuEngine raised Hecla Mining from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. downgraded Hecla Mining from an “overweight” rating to a “neutral” rating in a report on Friday, May 10th. Finally, BMO Capital Markets set a $1.00 target price on Hecla Mining and gave the stock a “sell” rating in a report on Friday, July 19th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.43.

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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