Trading volume for Hecla Mining Company was 11,887K on Tuesday. Shares saw a steep increase in trading volume of 135.95% over the normal average daily volume.
Traders are more bearish on shares of the company recently as evidenced by the change in short interest. The company realized a rise in short interest between October 13, 2017 and October 31, 2017 of 11.75%. Short interest grew from 13,338,101 to 14,905,865 over that timeframe. With short interest at 14,905,865 and short average daily volume at 3,420,283, days to cover is 4.0 and the percentage of shorted shares is 0.04% as of October 31.
These firms have modified their investment in HL. As of quarter end Ubs Asset Management Americas Inc had acquired a total of 393 shares growing its holdings by 324.8%. The value of the company’s investment in Hecla Mining Company increased from $617,000 to $2,580,000 a change of 318.2% quarter to quarter. As of the end of the quarter California State Teachers Retirement System had sold 67,085 shares trimming its stake by 9.6%. The value of the investment in HL went from $3,562,000 to $3,170,000 a change of $392,000 since the last quarter.
As of quarter end Caisse De Depot Et Placement Du Quebec had disposed of a total of 93,654 shares trimming its position 4.4%. The value of the total investment in Hecla Mining Company decreased from $10,794,000 to $10,227,000 decreasing 5.3% for the reporting period. As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 198,411 shares growing its stake by 0.6%. The value of the investment in (HL) decreased from $170,021,000 to $168,350,000 decreasing 1.0% quarter over quarter.
November 8 investment analysts at BMO Capital Markets reiterated a “Hold” rating on the stock. November 3 investment analysts at HC Wainwright kept the stock rating at “Buy” projecting a price of $8.50.
On October 18 analysts at Royal Bank Of Canada released a research note on HL stating a rating of “Hold” and a price target of $6.00. On October 13 HC Wainwright made no change to the company rating of “Buy” targeting a price of $8.50.
On October 6 Canaccord Genuity kept the company rating at “Hold” with a current price target of $5.25. On September 20 BMO Capital Markets left the company rating at “Hold” projecting a price of $6.00.
The company is up from yesterday’s close of 3.75. The company currently has a P/E ratio of 65.41 and the market cap is 1.56B. In the latest earnings report the EPS was $0.06 with 399.02M shares currently outstanding.
Hecla Mining Company, launched on August 7, 2006, is involved 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. The Business’s segments include the Greens Creek, Lucky Friday, Casa Berardi and San Sebastian units. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver, which are further refined before sale to precious metals traders. The Company is focused on its San Sebastian project; North Idaho’s Silver Valley; Greens Creek unit on Alaska’s Admiralty Island; the silver-producing district near Durango, Mexico; the Abitibi region of north-western Quebec, Canada; the Rock Creek and Montanore projects in northwestern Montana and the Creede district of Southwestern Colorado. The Company produces zinc, lead and bulk flotation concentrates at its Greens Creek unit and lead and zinc flotation concentrates at its Lucky Friday unit. The flotation concentrates produced at its Greens Creek and Lucky Friday units contain payable silver, zinc and lead, and the concentrates produced at Greens Creek contain payable gold..