Alliancebernstein L.P. increased its position in shares of Hecla Mining Company (NYSE:HL) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 537,081 shares of the basic materials company’s stock after acquiring an additional 87,500 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Hecla Mining worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of HL. Ameriprise Financial Inc. increased its holdings in Hecla Mining by 27.8% during the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 4,384 shares during the period. Trexquant Investment LP bought a new stake in Hecla Mining during the 2nd quarter worth approximately $124,000. Pacad Investment Ltd. increased its holdings in Hecla Mining by 10.4% during the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 2,600 shares during the period. Virtu Financial LLC bought a new stake in Hecla Mining during the 2nd quarter worth approximately $143,000. Finally, Teacher Retirement System of Texas increased its holdings in Hecla Mining by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 802 shares during the period. 59.35% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Company (HL) opened at 5.22 on Thursday. Hecla Mining Company has a 1-year low of $4.61 and a 1-year high of $7.64. The firm has a 50-day moving average of $5.18 and a 200-day moving average of $5.33. The stock has a market cap of $2.08 billion, a PE ratio of 42.44 and a beta of 0.32.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). The company had revenue of $134.30 million for the quarter, compared to the consensus estimate of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The company’s quarterly revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Analysts expect that Hecla Mining Company will post $0.06 EPS for the current fiscal year.
HL has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a report on Tuesday, August 29th. Zacks Investment Research cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Canaccord Genuity reissued a “hold” rating and issued a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. Finally, ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.52.
Hecla Mining Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. 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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