Hecla Mining (NYSE:HL) Stock Position Raised by Oxbow Advisors LLC

Oxbow Advisors LLC raised its position in shares of Hecla Mining (NYSE:HL) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,203 shares of the basic materials company’s stock after purchasing an additional 3,548 shares during the period. Oxbow Advisors LLC’s holdings in Hecla Mining were worth $109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its stake in shares of Hecla Mining by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 178,816 shares of the basic materials company’s stock valued at $878,000 after acquiring an additional 27,000 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Hecla Mining by 202.4% in the 4th quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company’s stock valued at $374,000 after acquiring an additional 50,969 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Hecla Mining by 15.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 368,274 shares of the basic materials company’s stock valued at $1,808,000 after acquiring an additional 49,883 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Hecla Mining in the 4th quarter valued at approximately $25,000. Finally, Congress Asset Management Co. raised its stake in shares of Hecla Mining by 6.1% in the 4th quarter. Congress Asset Management Co. now owns 800,382 shares of the basic materials company’s stock valued at $3,930,000 after acquiring an additional 46,020 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.23 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91. Hecla Mining has a 1-year low of $3.40 and a 1-year high of $7.68. The business’s 50 day moving average is $5.42 and its 200-day moving average is $5.87.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Sell-side analysts predict that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is presently 100.02%.

Insider Buying and Selling

In other Hecla Mining news, CEO Robert Krcmarov acquired 6,570 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This trade represents a 2.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HL shares. National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. HC Wainwright reaffirmed a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. TD Securities lowered their target price on Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Friday. Finally, Roth Mkm lowered their target price on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

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.