Price Action Report: A Reversal for Hecla Mining Company Is Not Near. The Stock Rises Again

Price Action Report: A Reversal for Hecla Mining Company Is Not Near. The Stock Rises Again

The stock of Hecla Mining Company (NYSE:HL) is a huge mover today! About 1.59M shares traded hands. Hecla Mining Company (NYSE:HL) has risen 94.36% since March 4, 2016 and is uptrending. It has outperformed by 86.32% the S&P500.
The move comes after 8 months positive chart setup for the $2.10B company. It was reported on Oct, 7 by We have $8.31 PT which if reached, will make NYSE:HL worth $1.18 billion more.

Analysts await Hecla Mining Company (NYSE:HL) to report earnings on November, 2. They expect $0.04 EPS, up 180.00% or $0.09 from last year’s $-0.05 per share. HL’s profit will be $15.76 million for 33.31 P/E if the $0.04 EPS becomes a reality. After $0.07 actual EPS 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. $9 is the highest target while $2 is the lowest. The $4.42 average target is -17.07% below today’s ($5.33) stock price. Hecla Mining Company has been the topic of 25 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Monday, September 7 the stock rating was downgraded by Zacks to “Strong Sell”. The stock of Hecla Mining Company (NYSE:HL) earned “Buy” rating by Roth Capital on Wednesday, October 21. The stock of Hecla Mining Company (NYSE:HL) has “Buy” rating given on Monday, October 5 by Deutsche Bank. The stock of Hecla Mining Company (NYSE:HL) has “Mkt Perform” rating given on Friday, September 18 by FBR Capital. Zacks upgraded the shares of HL in a report on Monday, September 21 to “Hold” rating. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 9. JP Morgan upgraded Hecla Mining Company (NYSE:HL) on Tuesday, August 9 to “Overweight” rating. IBC upgraded the stock to “Sector Outperform” rating in Wednesday, September 30 report. The stock of Hecla Mining Company (NYSE:HL) earned “Buy” rating by TH Capital on Wednesday, October 21. The stock of Hecla Mining Company (NYSE:HL) earned “Hold” rating by Deutsche Bank on Wednesday, March 23.

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 2016 Q2. Its up 0.28, from 1.19 in 2016Q1. The ratio is positive, 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.
Global X Mngmt Co Ltd Liability accumulated 0.95% or 3.69 million shares. Citigroup last reported 0% of its portfolio in the stock. Mackenzie Fincl accumulated 637,527 shares or 0.02% of the stock. Moreover, Pnc Fincl Grp has 0% invested in Hecla Mining Company (NYSE:HL) for 4,464 shares. Moreover, Jpmorgan Chase And has 0% invested in Hecla Mining Company (NYSE:HL) for 54,367 shares. Tiaa Cref Mgmt Lc holds 0% or 1.15 million shares in its portfolio. Old Mutual Glob Invsts (Uk) reported 352,600 shares or 0.03% of all its holdings. Suntrust Banks, a Georgia-based fund reported 601,000 shares. Busey Trust Com holds 0.01% or 10,000 shares in its portfolio. Credit Suisse Ag has 0.01% invested in the company for 1.35 million shares. Glenmede Tru Commerce Na has invested 0% of its portfolio in Hecla Mining Company (NYSE:HL). Exane Derivatives holds 1 shares or 0% of its portfolio. Amalgamated Financial Bank holds 0.02% of its portfolio in Hecla Mining Company (NYSE:HL) for 41,665 shares. The Kansas-based Creative Planning has invested 0% in Hecla Mining Company (NYSE:HL). Canada Pension Plan Board holds 0.01% or 592,000 shares in its portfolio.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 9 sales for $4.01 million net activity. 40,000 shares were sold by Nethercutt George R Jr, worth $200,000 on Friday, July 1. Shares for $106,950 were sold by TAYLOR ANTHONY P. $2.77M worth of Hecla Mining Company (NYSE:HL) was sold by BAKER PHILLIPS S JR on Tuesday, August 9. Another trade for 13,722 shares valued at $80,274 was sold by Sienko David C. Another trade for 100,000 shares valued at $712,000 was made by Radford Lawrence P on Friday, August 12.

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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