BlackRock Institutional Trust Company N.A. raised its position in shares of Hecla Mining Co. (NYSE:HL) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,701,953 shares of the company’s stock after buying an additional 277,892 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 2.56% of Hecla Mining worth $26,971,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Hecla Mining by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 686,324 shares of the company’s stock worth $1,297,000 after buying an additional 12,231 shares in the last quarter. Rhumbline Advisers increased its position in Hecla Mining by 4.2% in the fourth quarter. Rhumbline Advisers now owns 544,620 shares of the company’s stock worth $1,029,000 after buying an additional 21,985 shares in the last quarter. Royce & Associates LLC increased its position in Hecla Mining by 1.1% in the fourth quarter. Royce & Associates LLC now owns 2,917,818 shares of the company’s stock worth $5,515,000 after buying an additional 31,000 shares in the last quarter. Global X Management CO LLC increased its position in Hecla Mining by 12.7% in the fourth quarter. Global X Management CO LLC now owns 2,985,794 shares of the company’s stock worth $5,643,000 after buying an additional 337,535 shares in the last quarter. Finally, OLD National Bancorp IN increased its position in Hecla Mining by 8.8% in the first quarter. OLD National Bancorp IN now owns 97,691 shares of the company’s stock worth $272,000 after buying an additional 7,917 shares in the last quarter.
Hecla Mining Co. (NYSE:HL) traded up 4.57% during midday trading on Wednesday, hitting $6.18. The stock had a trading volume of 12,478,616 shares. The firm’s market capitalization is $2.37 billion. Hecla Mining Co. has a 1-year low of $1.45 and a 1-year high of $6.34. The firm has a 50-day moving average price of $5.31 and a 200-day moving average price of $3.58.
A number of research firms recently commented on HL. FBR & Co increased their price objective on Hecla Mining from $4.00 to $5.00 and gave the stock a “mkt perform” rating in a report on Wednesday, July 20th. Scotiabank upgraded Hecla Mining from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $3.75 to $6.15 in a report on Wednesday, July 13th. BMO Capital Markets restated a “buy” rating on shares of Hecla Mining in a report on Tuesday, July 12th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a report on Monday, July 11th. Finally, Royal Bank Of Canada increased their price objective on Hecla Mining from $3.25 to $4.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 31st. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.26.
In other news, Director Anthony P. Taylor sold 6,921 shares of Hecla Mining stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $4.94, for a total transaction of $34,189.74. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $247,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony P. Taylor sold 5,000 shares of Hecla Mining stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $6.09, for a total value of $30,450.00. Following the transaction, the director now owns 45,000 shares in the company, valued at approximately $274,050. The disclosure for this sale can be found here.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idaho’s Silver Valley, which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado.
