Price Action Don’t Lie: Could Hecla Mining Company Lose Strenght? The Stock Increases A Lot Today

Price Action Don't Lie: Could Hecla Mining Company Lose Strenght? The Stock Increases A Lot Today

The stock of Hecla Mining Company (NYSE:HL) is a huge mover today! About 6.93 million shares traded hands. Hecla Mining Company (NYSE:HL) has risen 117.05% since March 15, 2016 and is uptrending. It has outperformed by 111.57% the S&P500.
The move comes after 5 months positive chart setup for the $2.51B company. It was reported on Oct, 18 by Barchart.com. We have $8.45 PT which if reached, will make NYSE:HL worth $1.05B 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 $16.87 million for 37.19 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. Hecla Mining Company has been the topic of 25 analyst reports since August 13, 2015 according to StockzIntelligence Inc. BMO Capital Markets upgraded the shares of HL in a report on Wednesday, November 4 to “Outperform” rating. On Wednesday, July 13 the stock rating was upgraded by Scotia Capital to “Sector Perform”. The rating was maintained by Deutsche Bank on Thursday, September 17 with “Buy”. The stock of Hecla Mining Company (NYSE:HL) earned “Buy” rating by Deutsche Bank on Monday, October 5. The firm earned “Market Perform” rating on Tuesday, August 23 by BMO Capital Markets. The stock has “Buy” rating given by TH Capital on Wednesday, October 21. The stock of Hecla Mining Company (NYSE:HL) has “Hold” rating given on Monday, September 21 by Zacks. The firm has “Sector Performer” rating given on Friday, April 8 by IBC. Roth Capital maintained Hecla Mining Company (NYSE:HL) rating on Wednesday, October 21. Roth Capital has “Buy” rating and $3.25 price target. The rating was downgraded by Scotia Capital on Monday, April 11 to “Underperform”.

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 improved, 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.
Wellington Mngmt Grp Llp holds 0% or 300,563 shares in its portfolio. Cibc World Markets accumulated 0% or 15,489 shares. Tiaa Cref Invest Mgmt Ltd Liability accumulated 1.15M shares or 0% of the stock. Pub Employees Retirement Association Of Colorado last reported 90,177 shares in the company. Lombard Odier Asset Management (Europe) has 10,452 shares for 0% of their US portfolio. Commonwealth Equity Services Inc holds 0% or 47,355 shares in its portfolio. Bridgeway Cap Mngmt Inc owns 1.31 million shares or 0.1% of their US portfolio. The United Kingdom-based Gsa Capital Prtnrs Llp has invested 0.03% in Hecla Mining Company (NYSE:HL). Alps Advisors Inc accumulated 335,771 shares or 0.02% of the stock. State Street last reported 0.01% of its portfolio in the stock. The New York-based Teachers has invested 0.01% in Hecla Mining Company (NYSE:HL). Teacher Retirement Sys Of Texas owns 52,642 shares or 0% of their US portfolio. Citadel Advisors Ltd accumulated 2.40M shares or 0.01% of the stock. Aperio Group Inc Inc last reported 0% of its portfolio in the stock. Voya Inv Mgmt Llc holds 0.05% or 3.85 million 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. $106,950 worth of Hecla Mining Company (NYSE:HL) was sold by TAYLOR ANTHONY P on Thursday, August 11. 392,863 Hecla Mining Company (NYSE:HL) shares with value of $2.77M were sold by BAKER PHILLIPS S JR. 40,000 shares were sold by Nethercutt George R Jr, worth $200,000 on Friday, July 1. Shares for $80,274 were sold by Sienko David C. $712,000 worth of shares were sold by Radford Lawrence P on Friday, August 12.

Another recent and important Hecla Mining Company (NYSE:HL) news was published by Thestreet.com which published an article titled: “Hecla Mining (HL) Stock Jumps on Preliminary Q3 Production Report, Guidance” on October 18, 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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