Oxbow Advisors LLC Boosts Stock Position in Hecla Mining Company $HL

Oxbow Advisors LLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 2,124.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 429,549 shares of the basic materials company’s stock after buying an additional 410,236 shares during the quarter. Oxbow Advisors LLC owned about 0.06% of Hecla Mining worth $5,198,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HL. Goldman Sachs Group Inc. boosted its stake in Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after acquiring an additional 739,360 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Hecla Mining by 24.1% during the 1st 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 last quarter. Farther Finance Advisors LLC increased its position in Hecla Mining by 4,210.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,355 shares of the basic materials company’s stock valued at $86,000 after buying an additional 14,022 shares in the last quarter. Ballentine Partners LLC raised its stake in Hecla Mining by 30.3% in the second quarter. Ballentine Partners LLC now owns 15,053 shares of the basic materials company’s stock valued at $90,000 after buying an additional 3,501 shares during the last quarter. Finally, J. Safra Sarasin Holding AG boosted its holdings in Hecla Mining by 9.0% in the second quarter. J. Safra Sarasin Holding AG now owns 58,100 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 4,806 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Shares of NYSE:HL traded up $0.50 during midday trading on Friday, reaching $31.79. The company’s stock had a trading volume of 31,717,000 shares, compared to its average volume of 21,898,602. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average of $19.83 and a 200 day moving average of $13.39. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $32.16. The firm has a market capitalization of $21.30 billion, a PE ratio of 102.54 and a beta of 1.28.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The company had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm’s revenue was up 67.1% on a year-over-year basis. On average, equities analysts expect that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a $0.0038 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%. Hecla Mining’s payout ratio is 3.23%.

Analyst Ratings Changes

Several research firms have recently issued reports on HL. CIBC upped their price objective on shares of Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Roth Mkm set a $8.75 target price on shares of Hecla Mining and gave the stock a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Scotiabank started coverage on shares of Hecla Mining in a research note on Thursday, November 13th. They set a “sector perform” rating and a $15.00 price objective for the company. Finally, Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.72.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 52,219 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the transaction, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. This trade represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $15.00, for a total value of $2,225,580.00. Following the completion of the transaction, the chief financial officer owned 347,402 shares in the company, valued at $5,211,030. The trade was a 29.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 426,679 shares of company stock worth $7,678,773. Company insiders own 0.62% of the company’s stock.

Hecla Mining Company 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.