Oxbow Advisors LLC Reduces Holdings in Hecla Mining Company $HL

Oxbow Advisors LLC trimmed its holdings 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 and Exchange Commission. The firm owned 261,475 shares of the basic materials company’s stock after selling 182,155 shares during the quarter. Oxbow Advisors LLC’s holdings in Hecla Mining were worth $4,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in shares of Hecla Mining by 1.6% during the 1st quarter. New York State Teachers Retirement System now owns 562,106 shares of the basic materials company’s stock worth $10,472,000 after acquiring an additional 8,938 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Hecla Mining by 48.9% in the 1st quarter. Private Advisor Group LLC now owns 160,193 shares of the basic materials company’s stock worth $2,984,000 after purchasing an additional 52,599 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Hecla Mining by 26.9% in the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 538 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Hecla Mining in the 1st quarter worth $170,000. Finally, SMART Wealth LLC raised its holdings in Hecla Mining by 104.6% in the 1st quarter. SMART Wealth LLC now owns 21,849 shares of the basic materials company’s stock worth $407,000 after purchasing an additional 11,171 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $16.27 on Friday. The firm has a fifty day moving average price of $16.92 and a 200-day moving average price of $19.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The stock has a market cap of $10.91 billion, a PE ratio of 39.69 and a beta of 1.29. Hecla Mining Company has a 1 year low of $5.47 and a 1 year high of $34.17.

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

Hecla Mining Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on HL. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Finally, HC Wainwright lowered their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.79.

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.