Price Action To Observe: Hecla Mining Company Has Another Very Weak Trading Session

Price Action To Observe: Hecla Mining Company Has Another Very Weak Trading Session

The stock of Hecla Mining Company (NYSE:HL) is a huge mover today! About 9.94 million shares traded hands. Hecla Mining Company (NYSE:HL) has risen 124.21% since March 1, 2016 and is uptrending. It has outperformed by 114.96% the S&P500.
The move comes after 8 months negative chart setup for the $2.01B company. It was reported on Oct, 4 by Barchart.com. We have $4.71 PT which if reached, will make NYSE:HL worth $160.80M less.

Analysts await Hecla Mining Company (NYSE:HL) to report earnings on November, 2. They expect $0.04 earnings per share, up 180.00% or $0.09 from last year’s $-0.05 per share. HL’s profit will be $15.70 million for 32.00 P/E if the $0.04 EPS becomes a reality. After $0.07 actual earnings per share reported by Hecla Mining Company for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

Hecla Mining Company (NYSE:HL) Ratings Coverage

Out of 11 analysts covering Hecla Mining Company (NYSE:HL), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Hecla Mining Company has been the topic of 25 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Wednesday, July 13 by Scotia Capital. On Friday, September 18 the stock rating was initiated by FBR Capital with “Mkt Perform”. The firm has “Hold” rating by Zacks given on Monday, September 21. The company was maintained on Thursday, September 17 by RBC Capital Markets. IBC downgraded the shares of HL in a report on Friday, April 8 to “Sector Performer” rating. The stock has “Buy” rating given by Deutsche Bank on Thursday, September 17. Deutsche Bank maintained the shares of HL in a report on Monday, October 5 with “Buy” rating. The rating was upgraded by JP Morgan on Tuesday, August 9 to “Overweight”. The stock has “Outperform” rating given by BMO Capital Markets on Wednesday, November 4. As per Wednesday, September 30, the company rating was upgraded by IBC.

According to Zacks Investment Research, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada.”

Insitutional Activity: The institutional sentiment increased to 1.47 in Q2 2016. Its up 0.28, from 1.19 in 2016Q1. The ratio increased, as 22 funds sold all Hecla Mining Company shares owned while 42 reduced positions. 34 funds bought stakes while 60 increased positions. They now own 227.21 million shares or 16.98% more from 194.24 million shares in 2016Q1.
Integral Derivatives Ltd Company holds 0% or 13,786 shares in its portfolio. Timber Hill Ltd Liability holds 20,798 shares or 0% of its portfolio. Commerzbank Aktiengesellschaft Fi holds 0.02% or 473,507 shares in its portfolio. Schwab Charles Inv has 0.01% invested in the company for 1.81M shares. Highbridge Cap Ltd Limited Liability Company holds 0.07% or 896,529 shares in its portfolio. Invesco holds 0% or 546,970 shares in its portfolio. Amalgamated Retail Bank owns 41,665 shares or 0.02% of their US portfolio. James Investment Research holds 0.02% or 175,170 shares in its portfolio. Old Mutual (Uk), a United Kingdom-based fund reported 352,600 shares. Strs Ohio last reported 8,200 shares in the company. Commonwealth Llc, a West Virginia-based fund reported 1,040 shares. Blackrock Advisors Limited Com owns 2.00M shares or 0.01% of their US portfolio. Aperio Group Limited Liability Company holds 49,914 shares or 0% of its portfolio. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Hecla Mining Company (NYSE:HL) for 257,939 shares. Morgan Stanley last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 9 selling transactions for $4.01 million net activity. 392,863 shares were sold by BAKER PHILLIPS S JR, worth $2.77M on Tuesday, August 9. 15,000 shares were sold by TAYLOR ANTHONY P, worth $106,950 on Thursday, August 11. 100,000 shares with value of $712,000 were sold by Radford Lawrence P on Friday, August 12. On Friday, July 1 Nethercutt George R Jr sold $200,000 worth of the stock or 40,000 shares. The insider Sienko David C sold $80,274.

Another recent and important Hecla Mining Company (NYSE:HL) news was published by Benzinga.com which published an article titled: “Rodman & Renshaw Sees 52% Upside In Hecla Mining” on September 06, 2016.

HL Company Profile

Hecla Mining Company, incorporated on August 7, 2006, is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Firm and its subsidiaries provide precious and base metals to the United States and around the world. The Firm 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. The Company’s divisions include the Greens Creek, Lucky Friday, Casa Berardi units and San Sebastian. The Firm is focused on its San Sebastian project; North Idaho’s Silver Valley; Greens Creek unit on Alaska’s Admiralty Island; the silver-producing district near Durango; the Abitibi region of north-western Quebec, and the Creede district of Southwestern Colorado. The concentrates produced at its Greens Creek and Lucky Friday units contain payable silver, zinc and lead, and the concentrates produced at Greens Creek contain payable gold.

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