The stock of Hecla Mining Company (NYSE:HL) is a huge mover today! About 7.34M shares traded hands. Hecla Mining Company (NYSE:HL) has risen 104.87% since April 14, 2016 and is uptrending. It has outperformed by 100.18% the S&P500.
The move comes after 8 months negative chart setup for the $2.54B company. It was reported on Nov, 16 by Barchart.com. We have $5.69 PT which if reached, will make NYSE:HL worth $152.40M less.
Hecla Mining Company (NYSE:HL) Ratings Coverage
Out of 12 analysts covering Hecla Mining Company (NYSE:HL), 5 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 42% are positive. Hecla Mining Company has been the topic of 27 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Friday, September 18. The company was initiated on Tuesday, September 6 by Rodman & Renshaw. Zacks downgraded the stock to “Strong Sell” rating in Monday, September 7 report. Zacks upgraded the shares of HL in a report on Monday, September 21 to “Hold” rating. Deutsche Bank maintained Hecla Mining Company (NYSE:HL) rating on Monday, October 5. Deutsche Bank has “Buy” rating and $3.5 price target. The stock has “Mkt Perform” rating given by FBR Capital on Monday, May 9. The firm has “Hold” rating given on Tuesday, August 9 by Deutsche Bank. The firm has “Buy” rating by TH Capital given on Wednesday, October 21. The firm has “Sector Outperform” rating given on Wednesday, September 30 by IBC. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, September 17 report.
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 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.
The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Hecla Mining Company (NYSE:HL). Glenmede Trust Na accumulated 26,500 shares or 0% of the stock. Commerzbank Aktiengesellschaft Fi has invested 0.02% of its portfolio in Hecla Mining Company (NYSE:HL). Cambridge Inv Advisors Inc holds 16,872 shares or 0% of its portfolio. Lpl Fincl Limited Liability has 0% invested in the company for 35,170 shares. State Of New Jersey Common Pension Fund D accumulated 0.04% or 1.74 million shares. Adirondack Rech And Mgmt, a New York-based fund reported 286,001 shares. Cypress Capital Gp accumulated 10,000 shares or 0.01% of the stock. Credit Suisse Ag has invested 0.01% of its portfolio in Hecla Mining Company (NYSE:HL). Fdx Advsr holds 0.02% of its portfolio in Hecla Mining Company (NYSE:HL) for 75,791 shares. Suntrust Banks holds 0.02% of its portfolio in Hecla Mining Company (NYSE:HL) for 601,000 shares. National Planning last reported 0.02% of its portfolio in the stock. Moreover, Canada Pension Plan Inv Board has 0.01% invested in Hecla Mining Company (NYSE:HL) for 592,000 shares. Northern Tru owns 4.18 million shares or 0.01% of their US portfolio. Hsbc Public Limited holds 0% of its portfolio in Hecla Mining Company (NYSE:HL) for 13,752 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 9 selling transactions for $4.01 million net activity. TAYLOR ANTHONY P had sold 5,000 shares worth $30,455. 40,000 shares with value of $200,000 were sold by Nethercutt George R Jr on Friday, July 1. Radford Lawrence P sold $712,000 worth of stock. The insider Sienko David C sold 13,722 shares worth $80,274. $2.77 million worth of Hecla Mining Company (NYSE:HL) was sold by BAKER PHILLIPS S JR on Tuesday, August 9.
More recent Hecla Mining Company (NYSE:HL) news were published by: Fool.com which released: “Here’s Why Hecla Mining Company’s Stock Is Slumping Today” on November 10, 2016. Also Foxbusiness.com published the news titled: “How Hecla Mining Company Regained Its Luster” on November 08, 2016. Fool.com‘s news article titled: “Hecla Mining Company’s Surging Silver Production Comes at the Perfect Time” with publication date: October 19, 2016 was also an interesting one.
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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