Institutional Investors Are Buying Hecla Mining Co (NYSE:HL)

May 17, 2018 - By Matt Thomas

Hecla Mining Company (NYSE:HL) Logo

Sentiment for Hecla Mining Co (NYSE:HL)

Hecla Mining Co (NYSE:HL) institutional sentiment increased to 1.26 in 2017 Q4. Its up 0.23, from 1.03 in 2017Q3. The ratio is more positive, as 82 funds increased or opened new equity positions, while 65 trimmed and sold positions in Hecla Mining Co. The funds in our partner’s database now possess: 233.14 million shares, up from 222.00 million shares in 2017Q3. Also, the number of funds holding Hecla Mining Co in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 42 Increased: 56 New Position: 26.

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company has market cap of $1.56 billion. The firm offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers. It currently has negative earnings. It owns 100% interests in the Greens Creek mine located on Admiralty Island in Southeast Alaska; the Lucky Friday unit located in the Coeur dÂ’Alene mining district in northern Idaho; the Casa Berardi mine located in the Abitibi region of north-western Quebec, Canada; and the San Sebastian unit located in the state of Durango, Mexico.

The stock increased 0.13% or $0.005 during the last trading session, reaching $3.905. About 562,248 shares traded. Hecla Mining Company (NYSE:HL) has declined 31.48% since May 17, 2017 and is downtrending. It has underperformed by 43.03% the S&P500.

Van Eck Associates Corp holds 0.8% of its portfolio in Hecla Mining Company for 40.79 million shares. Merriman Wealth Management Llc owns 682,312 shares or 0.66% of their US portfolio. Moreover, Corecommodity Management Llc has 0.54% invested in the company for 163,062 shares. The New Jersey-based New Jersey Better Educational Savings Trust has invested 0.4% in the stock. Global X Management Co Llc, a New York-based fund reported 3.93 million shares.

Since January 1, 0001, it had 2 buys, and 0 insider sales for $98,371 activity.

Hecla Mining Company (NYSE:HL) Ratings Coverage

Ratings analysis reveals 71% of Hecla Mining Company’s analysts are positive. Out of 7 Wall Street analysts rating Hecla Mining Company, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $4 while the high is $8.5. The stock’s average target of $5.08 is 30.09% above today’s ($3.905) share price. HL was included in 15 notes of analysts from November 30, 2017. The firm earned “Hold” rating on Thursday, February 15 by BMO Capital Markets. As per Thursday, February 8, the company rating was maintained by H.C. Wainwright. The company was upgraded on Thursday, November 30 by FBR Capital. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, February 15 report. The stock of Hecla Mining Company (NYSE:HL) has “Buy” rating given on Thursday, January 11 by H.C. Wainwright. B. Riley & Co upgraded the stock to “Buy” rating in Thursday, November 30 report. BMO Capital Markets maintained Hecla Mining Company (NYSE:HL) rating on Tuesday, March 20. BMO Capital Markets has “Market Perform” rating and $4 target. The rating was maintained by Canaccord Genuity on Sunday, January 7 with “Buy”. RBC Capital Markets maintained the shares of HL in report on Monday, December 4 with “Hold” rating. The firm earned “Hold” rating on Tuesday, March 20 by RBC Capital Markets.

Another recent and important Hecla Mining Company (NYSE:HL) news was published by which published an article titled: “Upside For Hecla Mining” on May 11, 2018.

Hecla Mining Company (NYSE:HL) Institutional Positions Chart

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