Kingswood Wealth Advisors LLC Raises Stock Holdings in Hecla Mining Company $HL

Kingswood Wealth Advisors LLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,094 shares of the basic materials company’s stock after acquiring an additional 10,000 shares during the period. Kingswood Wealth Advisors LLC owned approximately 0.05% of Hecla Mining worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HL. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hecla Mining during the 1st quarter valued at $31,000. DRW Securities LLC bought a new stake in Hecla Mining in the first quarter worth $54,000. PFG Investments LLC bought a new stake in Hecla Mining in the first quarter worth $56,000. Hohimer Wealth Management LLC bought a new stake in Hecla Mining in the first quarter worth $58,000. Finally, Tradition Wealth Management LLC bought a new stake in Hecla Mining in the first quarter worth $62,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total transaction of $163,388.88. Following the transaction, the vice president owned 73,200 shares of the company’s stock, valued at approximately $826,428. This represents a 16.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

HL opened at $11.99 on Wednesday. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $12.72. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $9.25 and its 200-day simple moving average is $6.90. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 74.91 and a beta of 1.31.

Hecla Mining (NYSE:HL) last posted its quarterly 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. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. During the same quarter in the prior year, the company earned $0.02 EPS. The business’s revenue was up 23.8% compared to the same quarter last year. On average, equities research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were given a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is presently 6.25%.

Analyst Ratings Changes

HL has been the subject of a number of analyst reports. Roth Capital set a $8.75 price target on Hecla Mining and gave the stock a “sell” rating in a research report on Friday. Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. HC Wainwright upped their price objective on Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. National Bank Financial raised Hecla Mining to a “hold” rating in a research report on Thursday, June 12th. Finally, National Bankshares set a $7.00 price objective on Hecla Mining in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hecla Mining presently has a consensus rating of “Hold” and an average target price of $7.75.

About Hecla Mining

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.