Hecla Mining Company (NYSE:HL) Shares Sold by Legal & General Group Plc

Paterniano Del Favero
Agosto 3, 2017

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Hecla Mining Company (NYSE:HL). The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume.

Capital Fund Management Sa decreased Hecla Mining Co (HL) stake by 67.19% reported in 2016Q4 SEC filing. Clinton Group Inc. boosted its position in shares of Hecla Mining by 27.2% in the first quarter. Russell Investments Group Ltd. acquired a new position in Hecla Mining during the fourth quarter worth approximately $387,000. Teachers Advisors LLC now owns 640,424 shares of the basic materials company's stock valued at $3,356,000 after buying an additional 25,365 shares in the last quarter. Cibc World Mkts Inc reported 0% in Hecla Mining Company (NYSE:HL). AQR Capital Management LLC boosted its position in shares of Hecla Mining by 72.4% in the fourth quarter. National Planning Corp now owns 35,334 shares of the basic materials company's stock worth $173,000 after buying an additional 15,691 shares in the last quarter. Finally, Navellier & Associates Inc bought a new stake in Hecla Mining during the first quarter worth $310,000.

Shares of Hecla Mining Company (HL) traded up 0.090% during mid-day trading on Wednesday, hitting $5.545. The company's 50 day moving average price is $5.22 and its 200-day moving average price is $5.59. The company has market cap of $1.30 billion. Hecla Mining Company (NYSE:HL) has risen 41.69% since August 2, 2016 and is uptrending.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.01. Hecla Mining had a net margin of 14.75% and a return on equity of 5.45%. The business had revenue of $134.30 million during the quarter, compared to the consensus estimate of $130.54 million. During the same quarter in the prior year, the company earned $0.06 EPS. Hecla Mining's revenue for the quarter was up 8.8% compared to the same quarter past year. Analysts predict that Hecla Mining will post $0.14 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This report was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & global copyright & trademark law. Vanguard reported 0.01% of its portfolio in Hecla Mining Company (NYSE:HL).

Canaccord Genuity began new coverage on Hecla Mining Company giving the company a " rating. Zacks Investment Research lowered Hecla Mining from a "hold" rating to a "sell" rating in a report on Wednesday, July 12th. Royal Bank Of Canada set a $6.00 target price on Hecla Mining and gave the stock a "hold" rating in a report on Monday, April 24th. HC Wainwright reissued a "buy" rating and set a $8.00 target price on shares of Hecla Mining in a report on Sunday, June 25th. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The mean target of $5.88 should be compared with the price when the stock was languishing around $4.61 a share.

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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