The stock of Hecla Mining Company (NYSE:HL) is a huge mover today! About 11.45 million shares traded hands or 30.71% up from the average. Hecla Mining Company (NYSE:HL) has risen 129.89% since April 5, 2016 and is uptrending. It has outperformed by 127.94% the S&P500.
The move comes after 7 months positive chart setup for the $2.86B company. It was reported on Nov, 8 by Barchart.com. We have $11.65 PT which if reached, will make NYSE:HL worth $1.86 billion more.
Hecla Mining Company (NYSE:HL) Ratings Coverage
Out of 12 analysts covering Hecla Mining Company (NYSE:HL), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. Hecla Mining Company has been the topic of 26 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Strong Sell” on Monday, September 7. The stock of Hecla Mining Company (NYSE:HL) has “Sector Perform” rating given on Tuesday, May 31 by RBC Capital Markets. The firm has “Sector Outperform” rating given on Wednesday, September 30 by IBC. The stock of Hecla Mining Company (NYSE:HL) has “Hold” rating given on Tuesday, August 9 by Deutsche Bank. As per Wednesday, March 23, the company rating was downgraded by Deutsche Bank. RBC Capital Markets maintained it with “Sector Perform” rating and $2.75 target price in Thursday, September 17 report. The firm has “Underperform” rating given on Monday, April 11 by Scotia Capital. BMO Capital Markets upgraded the shares of HL in a report on Wednesday, November 4 to “Outperform” rating. On Wednesday, July 20 the stock rating was maintained by FBR Capital with “Mkt Perform”. The stock has “Overweight” rating given by JP Morgan on Tuesday, August 9.
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 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.
Moreover, Dimensional Fund Lp has 0.07% invested in Hecla Mining Company (NYSE:HL) for 23.45M shares. Mackenzie holds 0.02% or 637,527 shares in its portfolio. Proshare Advisors reported 46,692 shares or 0% of all its holdings. Washington Commercial Bank last reported 23,467 shares in the company. Walleye Trading Ltd Liability accumulated 0% or 2,500 shares. Principal Fincl Inc has 0% invested in the company for 69,264 shares. Numeric Limited Liability Company holds 0% of its portfolio in Hecla Mining Company (NYSE:HL) for 87,100 shares. Teachers Advsr Inc last reported 0.01% of its portfolio in the stock. Driehaus Cap Mngmt Ltd Co has invested 0% of its portfolio in Hecla Mining Company (NYSE:HL). Vanguard Gp Inc Inc has invested 0.01% of its portfolio in Hecla Mining Company (NYSE:HL). Strs Ohio last reported 0% of its portfolio in the stock. Tradewinds Cap Mngmt Limited Company holds 0% or 580 shares in its portfolio. Tiaa Cref Invest Management Limited Liability holds 0% of its portfolio in Hecla Mining Company (NYSE:HL) for 1.15 million shares. Blackrock Limited Liability Company has 0.01% invested in the company for 2.00M shares. Susquehanna Gp Limited Liability Partnership has 83,255 shares for 0% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 9 sales for $4.01 million net activity. The insider Nethercutt George R Jr sold 40,000 shares worth $200,000. Another trade for 12,000 shares valued at $51,240 was made by TAYLOR ANTHONY P on Friday, June 3. 100,000 shares were sold by Radford Lawrence P, worth $712,000 on Friday, August 12. The insider BAKER PHILLIPS S JR sold $2.77M. $80,274 worth of Hecla Mining Company (NYSE:HL) was sold by Sienko David C.
More news for Hecla Mining Company (NYSE:HL) were recently published by: Fool.com, which released: “Hecla Mining Company’s Surging Silver Production Comes at the Perfect Time” on October 19, 2016. Businesswire.com‘s article titled: “Hecla to Participate at Morgan Stanley Leveraged Finance Conference and The …” and published on November 04, 2016 is yet another important article.
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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