PNC Financial Services Group Inc. raised its position in shares of Hecla Mining Company (NYSE:HL) by 21.1% during the first quarter, Holdings Channel reports. The firm owned 64,044 shares of the basic materials company’s stock after buying an additional 11,169 shares during the period. PNC Financial Services Group Inc.’s holdings in Hecla Mining Company were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Hecla Mining Company by 17.4% in the first quarter. Van ECK Associates Corp now owns 27,690,113 shares of the basic materials company’s stock valued at $146,481,000 after buying an additional 4,112,479 shares during the last quarter. Norges Bank purchased a new position in shares of Hecla Mining Company during the fourth quarter valued at about $10,156,000. State of New Jersey Common Pension Fund D boosted its position in shares of Hecla Mining Company by 18.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 7,000,000 shares of the basic materials company’s stock valued at $37,030,000 after buying an additional 1,075,000 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Hecla Mining Company by 70.4% in the first quarter. TIAA CREF Investment Management LLC now owns 1,859,577 shares of the basic materials company’s stock valued at $9,837,000 after buying an additional 768,425 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Hecla Mining Company by 72.4% in the fourth quarter. AQR Capital Management LLC now owns 665,745 shares of the basic materials company’s stock valued at $3,489,000 after buying an additional 279,575 shares during the last quarter. Institutional investors own 57.07% of the company’s stock.

Shares of Hecla Mining Company (NYSE:HL) opened at 5.19 on Friday. The company’s 50-day moving average price is $5.62 and its 200 day moving average price is $5.64. Hecla Mining Company has a 12-month low of $4.61 and a 12-month high of $7.64. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 21.01 and a beta of 0.43.

Hecla Mining Company (NYSE:HL) last posted its quarterly earnings data on Monday, May 8th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $142.50 million during the quarter, compared to the consensus estimate of $160.24 million. Hecla Mining Company had a return on equity of 5.45% and a net margin of 14.75%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. On average, equities research analysts forecast that Hecla Mining Company will post $0.14 EPS for the current fiscal year.

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HL has been the subject of several research analyst reports. Royal Bank Of Canada set a $6.00 price objective on Hecla Mining Company and gave the stock a “hold” rating in a research note on Tuesday, March 21st. TheStreet upgraded Hecla Mining Company from a “c+” rating to a “b” rating in a research note on Monday, June 12th. BidaskClub cut Hecla Mining Company from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of Hecla Mining Company in a research note on Sunday, June 25th. Finally, Zacks Investment Research lowered Hecla Mining Company from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.81.

About Hecla Mining Company

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.

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

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