BlackRock Buys $1.09B Stake in Hecla Mining, Shares Steady
BlackRock purchased 70,368,033 shares of Hecla Mining valued at about $1.09 billion, adding a new position in the second quarter. Hecla shares were down 0.2% and the miner reported quarterly EPS of $0.17, missing consensus of $0.18. Recent analyst notes included target price cuts and mixed hold ratings, following the earnings update.