Capital Fund Management S.A. acquired a new stake in Hecla Mining Co. (NYSE:HL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 403,173 shares of the company’s stock, valued at approximately $2,298,000.
Several other large investors have also added to or reduced their stakes in HL. Raymond James & Associates raised its position in Hecla Mining by 88.8% in the second quarter. Raymond James & Associates now owns 20,780 shares of the company’s stock worth $106,000 after buying an additional 9,776 shares during the period. Public Employees Retirement System of Ohio increased its position in Hecla Mining by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,781 shares of the company’s stock worth $121,000 after buying an additional 143 shares in the last quarter. Strs Ohio increased its position in Hecla Mining by 174.4% in the third quarter. Strs Ohio now owns 22,500 shares of the company’s stock worth $128,000 after buying an additional 14,300 shares in the last quarter. Nuveen Asset Management LLC increased its position in Hecla Mining by 6.6% in the second quarter. Nuveen Asset Management LLC now owns 25,262 shares of the company’s stock worth $129,000 after buying an additional 1,567 shares in the last quarter. Finally, Falcon Point Capital LLC bought a new position in Hecla Mining during the second quarter worth approximately $134,000. Institutional investors and hedge funds own 53.60% of the company’s stock.
Shares of Hecla Mining Co. (NYSE:HL) traded down 0.33% during trading on Thursday, reaching $6.04. The company had a trading volume of 5,168,279 shares. The firm’s market capitalization is $2.39 billion. Hecla Mining Co. has a 12 month low of $1.48 and a 12 month high of $7.64. The stock has a 50 day moving average price of $5.77 and a 200 day moving average price of $5.98.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Hecla Mining had a positive return on equity of 4.88% and a negative net margin of 2.29%. The business had revenue of $179.40 million for the quarter, compared to the consensus estimate of $163.48 million. During the same period last year, the business earned ($0.05) EPS. The firm’s revenue was up 70.9% compared to the same quarter last year. On average, equities research analysts forecast that Hecla Mining Co. will post $0.19 EPS for the current year.
A number of research firms have recently commented on HL. BMO Capital Markets downgraded shares of Hecla Mining from a “market perform” rating to an “underperform” rating and set a $6.50 price objective for the company. in a research note on Thursday, November 10th. They noted that the move was a valuation call. Vetr downgraded shares of Hecla Mining from a “strong-buy” rating to a “buy” rating and set a $6.84 price objective for the company. in a research note on Monday, December 5th. Zacks Investment Research downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, November 23rd. Finally, Canaccord Genuity began coverage on shares of Hecla Mining in a research note on Tuesday, October 25th. They set a “hold” rating and a $6.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.04.
In related news, VP Dean Wa Mcdonald sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $6.28, for a total value of $628,000.00. Following the transaction, the vice president now directly owns 295,502 shares of the company’s stock, valued at approximately $1,855,752.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.
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