Oxbow Advisors LLC Cuts Stock Holdings in Hecla Mining Company $HL

Oxbow Advisors LLC lowered its position in shares of Hecla Mining Company (NYSE:HL) by 41.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,475 shares of the basic materials company’s stock after selling 182,155 shares during the period. Oxbow Advisors LLC’s holdings in Hecla Mining were worth $4,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Hecla Mining by 32.4% during the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock valued at $603,566,000 after purchasing an additional 12,197,740 shares during the last quarter. State Street Corp raised its stake in shares of Hecla Mining by 14.8% in the third quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after purchasing an additional 4,453,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hecla Mining by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Hecla Mining by 14.7% in the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after purchasing an additional 2,574,855 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock valued at $319,000,000 after purchasing an additional 1,770,949 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HL has been the topic of several recent analyst reports. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. HC Wainwright lowered their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.79.

Hecla Mining Price Performance

Shares of HL opened at $16.27 on Friday. The firm has a market cap of $10.91 billion, a PE ratio of 39.69 and a beta of 1.29. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $16.92 and a two-hundred day simple moving average of $19.92. Hecla Mining Company has a 1-year low of $5.47 and a 1-year high of $34.17.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter last year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 57.4% on a year-over-year basis.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were issued a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.