Teachers Advisors LLC lifted its position in Hecla Mining Company (NYSE:HL) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,279 shares of the basic materials company’s stock after acquiring an additional 40,511 shares during the quarter. Teachers Advisors LLC owned approximately 0.18% of Hecla Mining worth $3,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HL. BlackRock Inc. grew its stake in shares of Hecla Mining by 25,993.9% in the 1st quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock worth $132,549,000 after acquiring an additional 24,960,628 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hecla Mining by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock worth $21,623,000 after acquiring an additional 2,425,493 shares in the last quarter. State Street Corp grew its stake in shares of Hecla Mining by 17.2% in the 1st quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock worth $82,046,000 after acquiring an additional 2,275,928 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 31,844,025 shares of the basic materials company’s stock worth $168,455,000 after acquiring an additional 1,458,387 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Hecla Mining by 24,959.0% in the 2nd quarter. Bank of Montreal Can now owns 1,239,167 shares of the basic materials company’s stock worth $6,320,000 after acquiring an additional 1,234,222 shares in the last quarter. Hedge funds and other institutional investors own 59.35% of the company’s stock.

Hecla Mining Company (HL) opened at 5.25 on Friday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 42.68 and a beta of 0.32. The company has a 50 day moving average of $5.19 and a 200-day moving average of $5.33. Hecla Mining Company has a one year low of $4.61 and a one year high of $7.64.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). The business had revenue of $134.30 million during the quarter, compared to the consensus estimate of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. Hecla Mining’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Equities research analysts predict that Hecla Mining Company will post $0.06 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on HL. ValuEngine upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. HC Wainwright reiterated a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a research note on Tuesday, August 29th. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research note on Wednesday, September 20th. Zacks Investment Research upgraded shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, TheStreet downgraded shares of Hecla Mining from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.52.

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. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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