Brookstone Capital Management Increases Stock Position in Hecla Mining (NYSE:HL)

Brookstone Capital Management grew its position in Hecla Mining (NYSE:HL) by 90.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,974 shares of the basic materials company’s stock after purchasing an additional 10,916 shares during the period. Brookstone Capital Management’s holdings in Hecla Mining were worth $40,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its stake in shares of Hecla Mining by 35.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 9,767,935 shares of the basic materials company’s stock worth $17,192,000 after buying an additional 2,541,606 shares during the period. Verde Servicos Internacionais S.A. purchased a new position in shares of Hecla Mining in the third quarter worth $29,000. Nuveen Asset Management LLC purchased a new position in shares of Hecla Mining in the second quarter worth $3,389,000. Price T Rowe Associates Inc. MD increased its stake in shares of Hecla Mining by 34.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 486,679 shares of the basic materials company’s stock worth $876,000 after buying an additional 124,956 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Hecla Mining by 11.8% in the second quarter. UBS Asset Management Americas Inc. now owns 284,999 shares of the basic materials company’s stock worth $513,000 after buying an additional 30,065 shares during the period. Institutional investors own 58.18% of the company’s stock.

Shares of Hecla Mining stock opened at $1.99 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $1.81. The company has a market cap of $960.89 million, a P/E ratio of -18.09 and a beta of 0.89. Hecla Mining has a 12-month low of $1.21 and a 12-month high of $3.07.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. Analysts predict that Hecla Mining will post -0.12 EPS for the current fiscal year.

Several brokerages recently commented on HL. B. Riley decreased their target price on shares of Hecla Mining from $2.30 to $1.80 and set a “neutral” rating on the stock in a research note on Friday, October 11th. ValuEngine raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Canaccord Genuity downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 target price on the stock. in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research note on Wednesday, October 9th. Finally, HC Wainwright lifted their target price on shares of Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research note on Monday, August 19th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $1.98.

In related news, Director Catherine J. Boggs acquired 40,540 shares of Hecla Mining stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $1.50 per share, with a total value of $60,810.00. Following the transaction, the director now owns 40,540 shares in the company, valued at $60,810. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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