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

Pine Valley Investments Ltd Liability Co trimmed its holdings in shares of Hecla Mining Company (NYSE:HL) by 31.9% in the 1st quarter, HoldingsChannel reports. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 631 shares during the period. Sittner & Nelson LLC acquired a new position in Hecla Mining during the fourth quarter worth $29,000. Rothschild Investment LLC raised its position in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 781 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Hecla Mining during the fourth quarter valued at $31,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

HL has been the topic of several research analyst reports. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank cut their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, HC Wainwright reduced their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.12.

Hecla Mining Trading Up 2.5%

Shares of HL opened at $14.47 on Tuesday. Hecla Mining Company has a 52-week low of $5.76 and a 52-week high of $34.17. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $15.61 and its two-hundred day moving average is $19.14. The stock has a market cap of $9.71 billion, a PE ratio of 35.31 and a beta of 1.32.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.Hecla Mining’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. Research analysts forecast that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

About Hecla Mining

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.