Hrt Financial adds Hecla Mining Company (HL) to its portfolio

Hecla Mining Company (HL) : Hrt Financial added new position in Hecla Mining Company during the most recent quarter end. The investment management firm now holds 41,685 shares of Hecla Mining Company which is valued at $291,378 , the company said in a statement filed on Aug 10, 2016 with the SEC.Hecla Mining Company makes up approximately 0.17% of Hrt Financial’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in HL in the latest quarter, The investment management firm added 675,072 additional shares and now holds a total of 9,649,363 shares of Hecla Mining Company which is valued at $67,449,047. Hecla Mining Company makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in HL in the latest quarter, The investment management firm added 1,515,000 additional shares and now holds a total of 1,740,000 shares of Hecla Mining Company which is valued at $11,223,000. Hecla Mining Company makes up approx 0.05% of State Of New Jersey Common Pension Fund D’s portfolio.California State Teachers Retirement System boosted its stake in HL in the latest quarter, The investment management firm added 14,711 additional shares and now holds a total of 801,589 shares of Hecla Mining Company which is valued at $5,170,249. Hecla Mining Company makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Tradewinds Capital Management added HL to its portfolio by purchasing 580 company shares during the most recent quarter which is valued at $3,764. Penn Davis Mcfarland Inc added HL to its portfolio by purchasing 37,000 company shares during the most recent quarter which is valued at $230,510. Hecla Mining Company makes up approx 0.06% of Penn Davis Mcfarland Inc’s portfolio.

Hecla Mining Company closed down -0.3475 points or -4.89% at $6.76 with 1,29,00,943 shares getting traded on Friday. Post opening the session at $6.95, the shares hit an intraday low of $6.74 and an intraday high of $6.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hecla Mining Company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.05. The company had revenue of $171.30 million for the quarter, compared to analysts expectations of $139.34 million. The company’s revenue was up 64.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Many Wall Street Analysts have commented on Hecla Mining Company. Company shares were Reiterated by FBR Capital on Aug 9, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Hecla Mining Company was Upgraded by JP Morgan to ” Overweight” on Aug 9, 2016. Company shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Hold”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4.20 .

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. The Company produces lead zinc and bulk concentrates which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition the Company owns Rock Creek Project a silver and copper deposit which is located in North America.

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