Bennicas & Associates Inc. Has $323,000 Position in Hecla Mining Company (HL)
Bennicas & Associates Inc. maintained its stake in Hecla Mining Company (NYSE:HL) during the first quarter, Holdings Channel reports. The firm owned 61,107 shares of the basic materials company’s stock at the end of the first quarter. Bennicas & Associates Inc.’s holdings in Hecla Mining Company were worth $323,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Gideon Capital Advisors Inc. acquired a new position in Hecla Mining Company during the fourth quarter worth $102,000. Bayesian Capital Management LP acquired a new position in Hecla Mining Company during the fourth quarter worth $113,000. Seven Eight Capital LP acquired a new position in Hecla Mining Company during the fourth quarter worth $122,000. Princeton Alpha Management LP acquired a new position in Hecla Mining Company during the third quarter worth $186,000. Finally, Laurion Capital Management LP acquired a new position in Hecla Mining Company during the third quarter worth $204,000. Institutional investors and hedge funds own 54.49% of the company’s stock.
Hecla Mining Company (NYSE:HL) traded down 0.775% on Tuesday, hitting $5.765. 3,645,289 shares of the company were exchanged. The stock has a market capitalization of $2.28 billion, a P/E ratio of 32.207 and a beta of 0.47. Hecla Mining Company has a 52 week low of $3.48 and a 52 week high of $7.64. The company has a 50 day moving average price of $5.23 and a 200-day moving average price of $5.80.
Hecla Mining Company (NYSE:HL) last posted its quarterly earnings results on Thursday, February 23rd. The basic materials company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. Hecla Mining Company had a negative net margin of 2.29% and a positive return on equity of 4.88%. The firm had revenue of $164.25 million for the quarter, compared to the consensus estimate of $162.87 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, equities analysts expect that Hecla Mining Company will post $0.16 earnings per share for the current fiscal year.
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A number of research analysts have weighed in on HL shares. Zacks Investment Research raised shares of Hecla Mining Company from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. Canaccord Genuity reaffirmed a “hold” rating and issued a $6.50 price objective on shares of Hecla Mining Company in a research note on Monday, February 6th. Royal Bank of Canada set a $6.00 price objective on shares of Hecla Mining Company and gave the company a “hold” rating in a research note on Tuesday, March 21st. Finally, BMO Capital Markets raised shares of Hecla Mining Company from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $5.00 to $6.50 in a research note on Friday, February 24th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.62.
In related news, Director Anthony P. Taylor sold 30,000 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $6.09, for a total transaction of $182,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.
About Hecla Mining Company
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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