UBS Asset Management Americas Inc. increased its stake in shares of Hecla Mining Co. (NYSE:HL) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,161 shares of the company’s stock after buying an additional 49,435 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.08% of Hecla Mining worth $1,546,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Investors Capital Advisory Services raised its position in shares of Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock worth $114,000 after buying an additional 57 shares during the period. Washington Trust Bank raised its position in shares of Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock worth $120,000 after buying an additional 967 shares during the period. Falcon Point Capital LLC acquired a new position in shares of Hecla Mining during the second quarter worth about $134,000. Glenmede Trust Co. NA raised its position in shares of Hecla Mining by 29.3% in the second quarter. Glenmede Trust Co. NA now owns 26,500 shares of the company’s stock worth $134,000 after buying an additional 6,000 shares during the period. Finally, Penn Davis Mcfarland Inc. acquired a new position in shares of Hecla Mining during the second quarter worth about $189,000. 57.97% of the stock is owned by institutional investors.
Shares of Hecla Mining Co. (NYSE:HL) traded up 1.074% during midday trading on Wednesday, hitting $5.175. The stock had a trading volume of 763,898 shares. The stock’s market cap is $2.00 billion. The stock has a 50-day moving average of $5.69 and a 200 day moving average of $5.02. Hecla Mining Co. has a 52 week low of $1.45 and a 52 week high of $7.26.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Hecla Mining had a negative net margin of 9.44% and a positive return on equity of 1.54%. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $141.25 million. During the same period last year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 64.4% compared to the same quarter last year. Analysts anticipate that Hecla Mining Co. will post $0.19 EPS for the current fiscal year.
HL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price objective for the company in a report on Tuesday, August 9th. Rodman & Renshaw initiated coverage on Hecla Mining in a report on Tuesday, September 6th. They issued a “buy” rating and a $9.00 price objective for the company. BMO Capital Markets lowered Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a report on Tuesday, August 23rd. FBR & Co increased their price objective on Hecla Mining from $4.00 to $5.00 and gave the stock a “mkt perform” rating in a report on Wednesday, July 20th. Finally, Zacks Investment Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 20th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hecla Mining has an average rating of “Hold” and an average target price of $5.51.
In other Hecla Mining news, CEO Phillips S. Baker, Jr. sold 392,863 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $7.05, for a total value of $2,769,684.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David C. Sienko sold 13,722 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $5.85, for a total transaction of $80,273.70. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
Hecla Mining Company 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. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.