The stock of Hecla Mining Company (NYSE:HL) hit a new 52-week high and has $10.43 target or 37.00% above today’s $7.61 share price. The 6 months bullish chart indicates low risk for the $3.26B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $10.43 price target is reached, the company will be worth $1.21 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7.59M shares traded hands. Hecla Mining Company (NYSE:HL) has risen 149.83% since April 7, 2016 and is uptrending. It has outperformed by 145.04% the S&P500.
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. As per Friday, September 18, the company rating was initiated by FBR Capital. The company was maintained on Monday, October 5 by Deutsche Bank. The rating was downgraded by Zacks on Monday, September 7 to “Strong Sell”. The firm has “Sector Perform” rating given on Tuesday, May 31 by RBC Capital Markets. The firm has “Sector Perform” rating given on Thursday, September 17 by RBC Capital Markets. The firm has “Overweight” rating by JP Morgan given on Tuesday, August 9. The firm has “Buy” rating given on Wednesday, October 21 by TH Capital. The firm has “Hold” rating by Deutsche Bank given on Wednesday, March 23. FBR Capital maintained the stock with “Mkt Perform” rating in Monday, May 9 report. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, August 23.
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.
Blackrock Advsrs Limited Liability accumulated 0.01% or 2.00 million shares. Tower Capital Limited Liability Corporation (Trc), a New York-based fund reported 998 shares. Polar Cap Llp holds 0.07% of its portfolio in Hecla Mining Company (NYSE:HL) for 770,000 shares. Employees Retirement Association Of Colorado accumulated 0% or 90,177 shares. Beacon Mgmt Inc, a Ohio-based fund reported 1,300 shares. Falcon Point Cap Ltd Liability owns 26,328 shares or 0.02% of their US portfolio. Walleye Trading Limited Co has 2,500 shares for 0% of their US portfolio. Nationwide Fund Advisors holds 0.01% of its portfolio in Hecla Mining Company (NYSE:HL) for 287,997 shares. Alps Advsr last reported 335,771 shares in the company. Swiss Natl Bank reported 619,237 shares or 0.01% of all its holdings. Exane Derivatives, a France-based fund reported 1 shares. Glenmede Na has 26,500 shares for 0% of their US portfolio. California State Teachers Retirement last reported 0.01% of its portfolio in the stock. Price T Rowe Assocs Inc Md has invested 0% of its portfolio in Hecla Mining Company (NYSE:HL). Bridgeway Mgmt holds 1.31M shares or 0.1% of its portfolio.
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 9 selling transactions for $4.01 million net activity. On Thursday, August 11 TAYLOR ANTHONY P sold $106,950 worth of the stock or 15,000 shares. BAKER PHILLIPS S JR had sold 392,863 shares worth $2.77 million. Shares for $200,000 were sold by Nethercutt George R Jr. 13,722 shares were sold by Sienko David C, worth $80,274. On Friday, August 12 Radford Lawrence P sold $712,000 worth of the stock or 100,000 shares.
More recent Hecla Mining Company (NYSE:HL) news were published by: Fool.com which released: “How Hecla Mining Company Regained Its Luster” on November 08, 2016. Also Fool.com published the news titled: “Hecla Mining Company’s Surging Silver Production Comes at the Perfect Time” on October 19, 2016. Businesswire.com‘s news article titled: “Hecla to Participate at Morgan Stanley Leveraged Finance Conference and The …” with publication date: November 04, 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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