Hecla Mining (NYSE:HL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of Hecla Mining (NYSE:HL) by 67.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 118,717 shares of the basic materials company’s stock after selling 246,329 shares during the period. Jane Street Group LLC’s holdings in Hecla Mining were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in HL. Commerzbank Aktiengesellschaft FI lifted its stake in Hecla Mining by 81.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 7,226,329 shares of the basic materials company’s stock valued at $13,007,000 after buying an additional 3,242,092 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Hecla Mining by 4.7% during the 2nd quarter. BlackRock Inc. now owns 34,285,217 shares of the basic materials company’s stock worth $61,715,000 after buying an additional 1,533,202 shares during the last quarter. Alps Advisors Inc. increased its holdings in Hecla Mining by 348.8% in the 2nd quarter. Alps Advisors Inc. now owns 1,752,151 shares of the basic materials company’s stock valued at $3,154,000 after purchasing an additional 1,361,747 shares in the last quarter. Morgan Stanley increased its holdings in Hecla Mining by 22.0% in the 2nd quarter. Morgan Stanley now owns 6,255,702 shares of the basic materials company’s stock valued at $11,260,000 after purchasing an additional 1,129,826 shares in the last quarter. Finally, Waterton Global Resource Management Inc. increased its holdings in Hecla Mining by 25.0% in the 2nd quarter. Waterton Global Resource Management Inc. now owns 5,526,856 shares of the basic materials company’s stock valued at $9,948,000 after purchasing an additional 1,105,085 shares in the last quarter. 58.18% of the stock is currently owned by institutional investors and hedge funds.

In other Hecla Mining news, Director Catherine J. Boggs bought 40,540 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $1.50 per share, with a total value of $60,810.00. Following the completion of the acquisition, the director now directly owns 40,540 shares of the company’s stock, valued at approximately $60,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Several brokerages recently issued reports on HL. BMO Capital Markets set a $1.00 price target on Hecla Mining and gave the company a “sell” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Wednesday, October 9th. ValuEngine upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. B. Riley lowered their price target on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a report on Friday. Finally, Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target for the company. in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and a consensus target price of $1.98.

Shares of HL stock remained flat at $$1.91 during trading hours on Monday. 1,849,167 shares of the stock traded hands, compared to its average volume of 8,366,440. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55. The firm has a 50 day moving average price of $1.87 and a 200-day moving average price of $1.83. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.09. The company has a market cap of $975.60 million, a PE ratio of -17.36 and a beta of 0.89.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. The business had revenue of $134.17 million during the quarter, compared to the consensus estimate of $150.62 million. During the same period in the prior year, the business earned $0.01 EPS. The business’s revenue was down 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Hecla Mining will post -0.13 EPS for the current fiscal year.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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

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