Florida Financial Advisors LLC Acquires Shares of 89,598 Hecla Mining Company $HL

Florida Financial Advisors LLC acquired a new stake in Hecla Mining Company (NYSE:HL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 89,598 shares of the basic materials company’s stock, valued at approximately $1,669,000.

A number of other hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Hecla Mining by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after purchasing an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hecla Mining by 24.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after buying an additional 380,448 shares during the period. Cetera Investment Advisers boosted its stake in shares of Hecla Mining by 10.9% during the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock worth $393,000 after buying an additional 6,450 shares during the period. Prudential Financial Inc. grew its holdings in shares of Hecla Mining by 71.6% during the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock worth $435,000 after buying an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Hecla Mining by 1.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock valued at $922,000 after acquiring an additional 2,793 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Down 0.1%

HL opened at $14.31 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. Hecla Mining Company has a 12 month low of $5.62 and a 12 month high of $34.17. The stock has a market capitalization of $9.60 billion, a P/E ratio of 34.92 and a beta of 1.29. The business has a 50 day simple moving average of $16.25 and a 200-day simple moving average of $19.59.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. On average, equities analysts anticipate that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid a $0.0038 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.44%.

Analyst Upgrades and Downgrades

HL has been the subject of a number of recent research reports. Scotiabank decreased their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. HC Wainwright decreased their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Finally, Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Hold” and a consensus target price of $24.12.

Hecla Mining Profile

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.