Oxbow Advisors LLC Purchases Shares of 18,655 Hecla Mining (NYSE:HL)

Oxbow Advisors LLC acquired a new position in shares of Hecla Mining (NYSE:HL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,655 shares of the basic materials company’s stock, valued at approximately $90,000.

Several other large investors also recently made changes to their positions in the company. Continuum Advisory LLC raised its stake in Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after buying an additional 4,967 shares during the period. Innealta Capital LLC bought a new stake in shares of Hecla Mining during the second quarter valued at approximately $41,000. Oak Family Advisors LLC acquired a new position in shares of Hecla Mining during the second quarter worth approximately $55,000. Empowered Funds LLC lifted its holdings in shares of Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,916 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in Hecla Mining by 48.9% in the 1st quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 5,104 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. Roth Mkm lowered their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. CIBC lifted their price target on Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Cibc World Mkts raised Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.13.

Hecla Mining Trading Down 4.0 %

NYSE:HL opened at $5.45 on Friday. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.35. The firm has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $5.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -36.33 and a beta of 2.00.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $245.66 million during the quarter, compared to the consensus estimate of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same period last year, the business posted $0.03 earnings per share. On average, equities analysts expect that Hecla Mining will post 0.04 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were issued a $0.0138 dividend. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, August 26th. Hecla Mining’s payout ratio is -33.33%.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Robert Denis Brown sold 24,792 shares of Hecla Mining stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $121,728.72. Following the sale, the vice president now owns 607,649 shares of the company’s stock, valued at $2,983,556.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Hecla Mining news, VP Robert Denis Brown sold 24,792 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $121,728.72. Following the completion of the transaction, the vice president now directly owns 607,649 shares of the company’s stock, valued at $2,983,556.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael L. Clary sold 30,634 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at $1,728,182.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,105 shares of company stock worth $329,486. 1.40% of the stock is owned by company insiders.

Hecla Mining 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.