Pine Valley Investments Ltd Liability Co Reduces Stock Position in Hecla Mining Company $HL

Pine Valley Investments Ltd Liability Co cut its position in Hecla Mining Company (NYSE:HL) by 31.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,557 shares of the basic materials company’s stock after selling 49,962 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Hecla Mining were worth $1,985,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position in Hecla Mining by 86.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock worth $244,003,000 after buying an additional 5,906,313 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hecla Mining by 40.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after purchasing an additional 4,928,130 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Hecla Mining during the fourth quarter worth $88,417,000. State Street Corp lifted its position in Hecla Mining by 14.8% during the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after purchasing an additional 4,453,706 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Hecla Mining during the first quarter valued at $72,659,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $14.47 on Tuesday. The company’s fifty day moving average price is $15.61 and its 200 day moving average price is $19.14. Hecla Mining Company has a 1 year low of $5.76 and a 1 year high of $34.17. The company has a market capitalization of $9.71 billion, a PE ratio of 35.31 and a beta of 1.32. 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 (NYSE:HL) last released its quarterly earnings results 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 net margin of 17.41% and a return on equity of 16.89%. The firm had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same quarter in the prior year, the business posted $0.04 EPS. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, research analysts predict that Hecla Mining Company will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on HL. Scotiabank cut their price target on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 29th. Zacks Research upgraded Hecla Mining to a “hold” rating in a research note on Friday, July 17th. HC Wainwright lowered their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.12.

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.