Oxbow Advisors LLC Makes New Investment in Hecla Mining Company $HL

Oxbow Advisors LLC acquired a new position in Hecla Mining Company (NYSE:HL) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 483,195 shares of the basic materials company’s stock, valued at approximately $7,456,000. Oxbow Advisors LLC owned 0.07% of Hecla Mining at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HL. Quadrant Capital Group LLC grew its holdings in shares of Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares during the period. Sittner & Nelson LLC purchased a new position in Hecla Mining in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC raised its holdings in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after buying an additional 781 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Hecla Mining during the fourth quarter valued at approximately $31,000. Finally, CIBC Private Wealth Group LLC lifted its position in Hecla Mining by 134.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after buying an additional 957 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on HL. Weiss Ratings raised shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Scotiabank decreased their price target on shares of 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. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th. Finally, HC Wainwright lowered 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. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.12.

Hecla Mining Stock Performance

HL opened at $17.94 on Wednesday. The company has a 50-day moving average of $15.78 and a 200-day moving average of $18.31. The company has a market capitalization of $12.05 billion, a P/E ratio of 36.62 and a beta of 1.32. Hecla Mining Company has a 1-year low of $7.40 and a 1-year high of $34.17.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. As a group, sell-side analysts expect that Hecla Mining Company will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.0038 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is presently 2.04%.

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.