Private Advisor Group LLC Has $399,000 Position in Hecla Mining Company (NYSE:HL)

Private Advisor Group LLC lessened its holdings in shares of Hecla Mining Company (NYSE:HL) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,765 shares of the basic materials company’s stock after selling 4,386 shares during the quarter. Private Advisor Group LLC’s holdings in Hecla Mining were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hecla Mining during the first quarter worth approximately $31,000. PFG Investments LLC acquired a new stake in shares of Hecla Mining in the first quarter worth $56,000. Ground Swell Capital LLC bought a new stake in shares of Hecla Mining during the 4th quarter worth $57,000. Hohimer Wealth Management LLC bought a new stake in shares of Hecla Mining during the 1st quarter worth $58,000. Finally, CTC Alternative Strategies Ltd. acquired a new position in Hecla Mining in the 4th quarter valued at $59,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Securities cut their target price on shares of Hecla Mining from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Monday, May 5th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a research note on Thursday, June 12th. Roth Capital reissued a “neutral” rating and set a $6.00 price objective on shares of Hecla Mining in a research report on Tuesday, July 1st. National Bankshares set a $7.00 target price on Hecla Mining in a report on Friday, June 13th. Finally, CIBC lifted their price target on Hecla Mining from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and a consensus price target of $7.07.

Hecla Mining Stock Down 1.5%

HL stock opened at $5.75 on Friday. Hecla Mining Company has a twelve month low of $4.41 and a twelve month high of $7.68. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.63 billion, a PE ratio of 52.23 and a beta of 1.47. The business’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $5.62.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. Hecla Mining’s revenue was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current year.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of Hecla Mining stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total transaction of $126,047.16. Following the sale, the vice president owned 59,410 shares in the company, valued at $395,670.60. The trade was a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine J. Boggs acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $4.99 per share, with a total value of $99,800.00. Following the purchase, the director owned 348,169 shares in the company, valued at approximately $1,737,363.31. This represents a 6.09% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Hecla Mining Profile

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.