The stock of Hecla Mining Company (NYSE:HL) is a huge mover today! About 12.85M shares traded hands or 30.32% up from the average. Hecla Mining Company (NYSE:HL) has risen 144.59% since April 8, 2016 and is uptrending. It has outperformed by 138.95% the S&P500.
The move comes after 5 months negative chart setup for the $2.55 billion company. It was reported on Nov, 10 by Barchart.com. We have $6.01 PT which if reached, will make NYSE:HL worth $153.00M less.
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 company was upgraded on Monday, September 21 by Zacks. The stock of Hecla Mining Company (NYSE:HL) has “Sector Outperform” rating given on Wednesday, September 30 by IBC. BMO Capital Markets upgraded Hecla Mining Company (NYSE:HL) on Wednesday, November 4 to “Outperform” rating. The firm has “Mkt Perform” rating given on Friday, September 18 by FBR Capital. The rating was upgraded by Deutsche Bank on Thursday, August 13 to “Buy”. FBR Capital maintained Hecla Mining Company (NYSE:HL) on Monday, May 9 with “Mkt Perform” rating. The stock of Hecla Mining Company (NYSE:HL) has “Buy” rating given on Monday, October 5 by Deutsche Bank. The stock of Hecla Mining Company (NYSE:HL) has “Sector Performer” rating given on Friday, April 8 by IBC. The company was initiated on Tuesday, September 6 by Rodman & Renshaw. The firm has “Overweight” rating by JP Morgan given 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 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.
Profund Limited Company has 94,455 shares for 0.02% of their US portfolio. Great West Life Assurance Co Can reported 44,299 shares or 0% of all its holdings. Guardian Ltd Partnership reported 20,000 shares or 0.02% of all its holdings. The Florida-based Ladenburg Thalmann Fincl Inc has invested 0% in Hecla Mining Company (NYSE:HL). Glob X Limited holds 3.69 million shares or 0.95% of its portfolio. Moreover, Ubs Asset Management Americas has 0% invested in Hecla Mining Company (NYSE:HL) for 303,161 shares. Polar Llp, a United Kingdom-based fund reported 770,000 shares. James Investment Research owns 175,170 shares or 0.02% of their US portfolio. Moreover, Lpl Fincl Limited Co has 0% invested in Hecla Mining Company (NYSE:HL) for 35,170 shares. The New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.12% in Hecla Mining Company (NYSE:HL). Metropolitan Life Insurance Co Ny, a New York-based fund reported 271,447 shares. California State Teachers Retirement System owns 801,589 shares or 0.01% of their US portfolio. Strs Ohio, a Ohio-based fund reported 8,200 shares. Citigroup has invested 0% of its portfolio in Hecla Mining Company (NYSE:HL). The New York-based Amalgamated Comml Bank has invested 0.02% in Hecla Mining Company (NYSE:HL).
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 9 insider sales for $4.01 million net activity. $200,000 worth of shares were sold by Nethercutt George R Jr on Friday, July 1. On Thursday, June 30 the insider TAYLOR ANTHONY P sold $34,208. Radford Lawrence P had sold 100,000 shares worth $712,000 on Friday, August 12. 13,722 Hecla Mining Company (NYSE:HL) shares with value of $80,274 were sold by Sienko David C. BAKER PHILLIPS S JR sold $2.77M worth of stock or 392,863 shares.
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 Fool.com published the news titled: “Hecla Mining Company’s Surging Silver Production Comes at the Perfect Time” on October 19, 2016. Seekingalpha.com‘s news article titled: “3 Silver Companies On The Move” with publication date: November 09, 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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