Hecla Mining Company (HL) : Merriman Wealth Management added new position in Hecla Mining Company during the most recent quarter end. The investment management firm now holds 1,235,458 shares of Hecla Mining Company which is valued at $7,474,521 , the company said in a statement filed on Jul 8, 2016 with the SEC.Hecla Mining Company makes up approximately 2.08% of Merriman Wealth Management’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank boosted its stake in HL in the latest quarter, The investment management firm added 967 additional shares and now holds a total of 23,467 shares of Hecla Mining Company which is valued at $141,975. Hecla Mining Company makes up approx 0.04% of Washington Trust Bank’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in HL in the latest quarter, The investment management firm added 12,857 additional shares and now holds a total of 63,465 shares of Hecla Mining Company which is valued at $383,963.
Hecla Mining Company opened for trading at $5.94 and hit $6.34 on the upside on Wednesday, eventually ending the session at $6.24, with a gain of 7.22% or 0.42 points. The heightened volatility saw the trading volume jump to 1,02,86,778 shares. Company has a market cap of $2,396 M.
On the company’s financial health, Hecla Mining Company reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.01. The company had revenue of $131.00 million for the quarter, compared to analysts expectations of $135.89 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on Hecla Mining Company. Company shares were Reiterated by RBC Capital Mkts on May 31, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 4 from a previous price target of $3.25 .Company shares were Reiterated by FBR Capital on May 9, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 4 from a previous price target of $3 .
Hecla Mining Company is engaged in discovering acquiring developing and producing silver gold lead and zinc. The Company operates in three segments: the Greens Creek Lucky Friday and Casa Berardi units. It focuses on its San Sebastian project which is located in Mexico; North Idaho’s Silver Valley which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s Admiralty Island which is located near Juneau; the silver-producing district near Durango which is located in Mexico; the Abitibi region of north-western Quebec which is located in Canada and the Creede district of Southwestern Colorado. The Company produces lead zinc and bulk concentrates which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition the Company owns Rock Creek Project a silver and copper deposit which is located in North America.