Brandywine Global Investment Management LLC lessened its position in shares of Hecla Mining Company (NYSE:HL) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,468,979 shares of the basic materials company’s stock after selling 45,191 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.37% of Hecla Mining worth $7,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HL. Bank of New York Mellon Corp lifted its holdings in Hecla Mining by 7.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,814,282 shares of the basic materials company’s stock worth $9,597,000 after buying an additional 125,779 shares during the period. Swiss National Bank increased its position in Hecla Mining by 2.6% during the 1st quarter. Swiss National Bank now owns 651,437 shares of the basic materials company’s stock valued at $3,446,000 after purchasing an additional 16,800 shares during the period. UBS Asset Management Americas Inc. increased its position in Hecla Mining by 21.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 227,544 shares of the basic materials company’s stock valued at $1,204,000 after purchasing an additional 40,512 shares during the period. Karp Capital Management Corp purchased a new position in Hecla Mining during the 1st quarter valued at $378,000. Finally, Ameriprise Financial Inc. increased its position in Hecla Mining by 27.8% during the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,384 shares during the period. Institutional investors and hedge funds own 59.35% of the company’s stock.

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Several equities research analysts recently weighed in on the company. TheStreet upgraded Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. BidaskClub downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of Hecla Mining in a research report on Sunday, June 25th. Zacks Investment Research cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.35.

Hecla Mining Company (HL) opened at 5.21 on Wednesday. Hecla Mining Company has a 12 month low of $4.61 and a 12 month high of $7.64. The company’s 50 day moving average is $5.11 and its 200-day moving average is $5.32. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 42.36 and a beta of 0.32.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The business had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $130.54 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. On average, analysts expect that Hecla Mining Company will post $0.06 earnings per share for the current fiscal year.

Hecla Mining Profile

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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