Two Stocks To Tuck Away: Hecla Mining Company (HL), The Southern Company (SO)

    The shares of Hecla Mining Company (NYSE:HL) has been pegged with a rating of Neutral by JP Morgan in its latest research note that was published on May 10th, 2019. JP Morgan wasn’t the only research firm that published a report of Hecla Mining Company, with other equities research analysts also giving their opinion on the stock. Cantor Fitzgerald advised investors in its research note published on May 10th, 2019, to Neutral the HL stock. The stock had earned Neutral rating from B. Riley FBR when it published its report on March 1st, 2019. That day the B. Riley FBR set price target on the stock to $3. The stock was given Underperform rating by RBC Capital Mkts in its report released on January 17th, 2019. Canaccord Genuity was of a view that HL is Buy in its latest report on January 8th, 2019 while giving it a price target of $3.25. Canaccord Genuity thinks that HL is worth Sell rating. This was contained in the firm’s report on October 11th, 2018.

    The consensus currently stands at a Hold while its average price target is $1.90. The price of the stock the last time has raised by 60.33% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 63.19.

    The shares of the company added by 2.65% during the trading session on Thursday, reaching a low of $1.89 while ending the day at $1.94. During the trading session, a total of 14.22 million shares were traded which represents a -58.74% decline from the average session volume which is 8.96M shares. HL had ended its last session trading at 1.89. Hecla Mining Company currently has a market cap of $940.36M while its P/E earnings growth sits at 1.66, with a beta of 0.98. Hecla Mining Company debt-to-equity ratio currently stands at 0.37, while its quick ratio hovers at 0.50. HL 52-week low price stands at $1.21 while its 52-week high price is $3.12.

    Investment analysts at Evercore ISI published a research note on February 22nd, 2019 where it informed investors and clients that The Southern Company (NYSE:SO) is now rated as In-line. Cantor Fitzgerald also rated SO as Downgrade on May 10th, 2019, with its price target of $35 suggesting that SO could down by -6.69% from its current share price. Even though the stock has been trading at $59.77/share, analysts expect it to surge higher by 0.57% to reach $56.34/share. It started the day trading at $60.65 and traded between $59.72 and $60.11 throughout the trading session.

    A look at its technical shows that SO’s 50-day SMA is 56.80 while its 200-day SMA stands at 51.81. The stock has a high of $59.80 for the year while the low is $42.50. The company’s P/E ratio currently sits at 14.25, while the P/B ratio is 2.33. At the moment, only of The Southern Company shares were sold short. The company’s average trading volume currently stands at 4.67M shares, which means that the short-interest ratio is just 3.60 days. Over the past seven days, the company moved, with its shift of 4.07%. Looking further, the stock has raised 9.67% over the past 90 days while it gained 19.91% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more SO shares, increasing its portfolio by +3.54% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,953,033 shares in the last quarter, thus it now holds 86,418,167 shares of SO, with a total valuation of $4,856,700,985. SSgA Funds Management Inc meanwhile bought more SO shares in the recently filed quarter, changing its stake to $2,982,947,632 worth of shares. BlackRock Fund Advisors followed the path by increasing its SO portfolio by +1.84% in the quarter. This means that BlackRock Fund Advisors bought 942,091 shares in the last quarter and now controls 52,191,642 shares of the SO stock, with the valuation hitting $2,933,170,280.

    Similarly, Franklin Advisers Inc decreased its The Southern Company shares by -8.70% during the recently filed quarter. After selling -2,871,794 shares in the last quarter, the firm now controls 30,151,506 shares of The Southern Company which are valued at $1,694,514,637. In the same vein, Massachusetts Financial Services increased its The Southern Company shares by during the most recent reported quarter. The firm bought 2,753,995 shares during the quarter which increased its stakes to 24,794,260 shares and is now valued at $1,393,437,412. Following these latest developments, around 0.08% of The Southern Company stocks are owned by institutional investors and hedge funds.