Hecla Mining (NYSE:HL) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in Hecla Mining (NYSE:HL) by 30.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,351 shares of the basic materials company’s stock after purchasing an additional 1,961 shares during the period. Blue Trust Inc.’s holdings in Hecla Mining were worth $41,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Hecla Mining by 4.3% in the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after acquiring an additional 2,238,559 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Hecla Mining by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock worth $92,499,000 after purchasing an additional 711,676 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after purchasing an additional 456,107 shares in the last quarter. FMR LLC grew its stake in shares of Hecla Mining by 51.3% during the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after purchasing an additional 1,842,991 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Hecla Mining by 43.8% in the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company’s stock valued at $23,223,000 after buying an additional 1,059,929 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities decreased their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Stock Down 2.2 %

Shares of NYSE:HL opened at $5.88 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.69 billion, a P/E ratio of -146.88 and a beta of 1.91. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.68. The stock’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.84.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.