Hecla Mining Company $HL Shares Newly Bought by Bokf Na

Bokf Na bought a new position in Hecla Mining Company (NYSE:HL) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 64,917 shares of the basic materials company’s stock, valued at approximately $1,106,000.

A number of other institutional investors also recently made changes to their positions in HL. North Dakota State Investment Board grew its holdings in shares of Hecla Mining by 3.9% during the 3rd quarter. North Dakota State Investment Board now owns 19,364 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 732 shares during the last quarter. Convergence Financial LLC bought a new stake in Hecla Mining in the third quarter worth $462,000. Fifth Third Wealth Advisors LLC lifted its stake in Hecla Mining by 89.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 31,606 shares of the basic materials company’s stock worth $538,000 after purchasing an additional 14,904 shares during the last quarter. Root Financial Partners LLC bought a new stake in Hecla Mining in the third quarter worth $47,000. Finally, Crescent Grove Advisors LLC purchased a new stake in Hecla Mining during the third quarter valued at about $654,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HL. Royal Bank Of Canada reduced their price objective on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Jefferies Financial Group started coverage on Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 target price for the company. Weiss Ratings lowered Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Scotiabank reduced 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. Finally, Zacks Research raised Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Hold” and an average price target of $23.34.

Hecla Mining Price Performance

NYSE HL opened at $13.53 on Friday. The stock has a market capitalization of $9.09 billion, a PE ratio of 27.61 and a beta of 1.37. Hecla Mining Company has a 1 year low of $11.81 and a 1 year high of $34.17. The business’s 50-day moving average is $17.71 and its 200 day moving average is $18.71.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $333.85 million for the quarter, compared to analysts’ expectations of $368.75 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities research analysts anticipate that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.