Hecla Mining (NYSE:HL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Hecla Mining (NYSE:HL - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,913 shares of the basic materials company's stock after selling 199,532 shares during the period. SG Americas Securities LLC's holdings in Hecla Mining were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Hecla Mining by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company's stock valued at $44,813,000 after acquiring an additional 456,107 shares during the last quarter. FMR LLC boosted its holdings in Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after purchasing an additional 1,842,991 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Hecla Mining in the 3rd quarter valued at approximately $1,210,000. Geode Capital Management LLC increased its holdings 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 buying an additional 711,676 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Hecla Mining by 378.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company's stock valued at $5,985,000 after buying an additional 709,576 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Hecla Mining Stock Down 1.7 %

Shares of NYSE HL traded down $0.11 during mid-day trading on Tuesday, hitting $6.07. The company had a trading volume of 13,061,658 shares, compared to its average volume of 16,198,039. The company has a market capitalization of $3.81 billion, a PE ratio of -151.63 and a beta of 1.91. The business's 50-day simple moving average is $5.42 and its 200 day simple moving average is $5.85. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining Company 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.