Oxbow Advisors LLC Sells 2,890 Shares of Hecla Mining Company $HL

Oxbow Advisors LLC lowered its position in Hecla Mining Company (NYSE:HL) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,313 shares of the basic materials company’s stock after selling 2,890 shares during the quarter. Oxbow Advisors LLC’s holdings in Hecla Mining were worth $116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hecla Mining during the first quarter worth $31,000. DRW Securities LLC purchased a new stake in Hecla Mining during the first quarter worth $54,000. PFG Investments LLC purchased a new stake in Hecla Mining during the first quarter worth $56,000. Hohimer Wealth Management LLC purchased a new stake in Hecla Mining during the first quarter worth $58,000. Finally, Tradition Wealth Management LLC purchased a new stake in Hecla Mining during the first quarter worth $62,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Roth Capital set a $8.75 target price on Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Hecla Mining in a report on Wednesday, October 8th. HC Wainwright upped their target price on Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. CIBC increased their price objective on Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, BMO Capital Markets raised their price objective on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.75.

Hecla Mining Stock Down 8.6%

Hecla Mining stock opened at $13.93 on Friday. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 87.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The business has a fifty day moving average price of $10.42 and a 200-day moving average price of $7.32. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $15.44.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. Equities research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were paid a $0.0038 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 6.25%.

Insider Transactions at Hecla Mining

In related news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the transaction, the vice president owned 73,200 shares in the company, valued at $826,428. This trade represents a 16.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is owned by company insiders.

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.