Hecla Mining Company $HL Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in Hecla Mining Company (NYSE:HL) by 20.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 525,219 shares of the basic materials company’s stock after selling 136,631 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hecla Mining were worth $9,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC grew its position in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Hecla Mining in the 4th quarter valued at $29,000. Rothschild Investment LLC raised its position in Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Hecla Mining during the 4th quarter worth $31,000. Finally, CIBC Private Wealth Group LLC boosted its stake in Hecla Mining by 134.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 957 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HL. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, April 29th. Zacks Research raised Hecla Mining to a “hold” rating in a report on Friday, July 17th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Scotiabank reduced their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Hold” and an average target price of $24.12.

Hecla Mining Trading Up 2.5%

NYSE:HL opened at $14.47 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. Hecla Mining Company has a 1 year low of $5.76 and a 1 year high of $34.17. The stock has a fifty day moving average price of $15.61 and a two-hundred day moving average price of $19.14. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 35.31 and a beta of 1.32.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Hecla Mining’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.