Hecla Mining Company (HL) Position Trimmed by Profund Advisors LLC
Profund Advisors LLC reduced its position in Hecla Mining Company (NYSE:HL) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,838 shares of the basic materials company’s stock after selling 5,146 shares during the quarter. Profund Advisors LLC’s holdings in Hecla Mining were worth $392,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in shares of Hecla Mining by 27.8% during the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 4,384 shares during the period. Trexquant Investment LP purchased a new position in shares of Hecla Mining during the second quarter worth approximately $124,000. Pacad Investment Ltd. increased its position in shares of Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 2,600 shares during the period. Virtu Financial LLC purchased a new position in shares of Hecla Mining during the second quarter worth approximately $143,000. Finally, Teacher Retirement System of Texas increased its position in shares of Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 802 shares during the period. 59.35% of the stock is currently owned by institutional investors.
Hecla Mining Company (NYSE HL) opened at 5.29 on Thursday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 43.01 and a beta of 0.32. Hecla Mining Company has a 12 month low of $4.61 and a 12 month high of $7.64. The stock’s 50 day moving average is $5.13 and its 200-day moving average is $5.32.
Hecla Mining (NYSE:HL) last released 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). The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. Hecla Mining’s revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Hecla Mining Company will post $0.06 earnings per share for the current year.
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HL has been the topic of a number of research reports. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. HC Wainwright reaffirmed a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a research report on Tuesday, August 29th. Canaccord Genuity reaffirmed a “hold” rating and set a $5.00 target price on shares of Hecla Mining in a research report on Thursday, September 7th. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet lowered shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.47.
About Hecla Mining
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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