Hecla Mining Company (HL) : Global X Management Co scooped up 691,611 additional shares in Hecla Mining Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 3,693,095 shares of Hecla Mining Company which is valued at $26,147,113.Hecla Mining Company makes up approximately 1.26% of Global X Management Co’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in HL in the latest quarter, The investment management firm added 6,586 additional shares and now holds a total of 52,642 shares of Hecla Mining Company which is valued at $356,913.Timber Hill reduced its stake in HL by selling 31,418 shares or 60.17% in the most recent quarter. The Hedge Fund company now holds 20,798 shares of HL which is valued at $135,187. Hecla Mining Company makes up approx 0.01% of Timber Hill’s portfolio.Cibc World Markets reduced its stake in HL by selling 28,550 shares or 64.83% in the most recent quarter. The Hedge Fund company now holds 15,489 shares of HL which is valued at $93,244.
Hecla Mining Company closed down -0.05 points or -0.71% at $7 with 1,04,91,895 shares getting traded on Wednesday. Post opening the session at $7, the shares hit an intraday low of $6.73 and an intraday high of $7.095 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Hecla Mining Company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.05. The company had revenue of $171.30 million for the quarter, compared to analysts expectations of $139.34 million. The company’s revenue was up 64.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Many Wall Street Analysts have commented on Hecla Mining Company. Company shares were Reiterated by FBR Capital on Aug 9, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Hecla Mining Company was Upgraded by JP Morgan to ” Overweight” on Aug 9, 2016. Company shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Hold”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4.20 .
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.