Cetera Investment Advisers Buys 11,174 Shares of Hecla Mining Company $HL

Cetera Investment Advisers boosted its stake in Hecla Mining Company (NYSE:HL) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,086 shares of the basic materials company’s stock after acquiring an additional 11,174 shares during the quarter. Cetera Investment Advisers’ holdings in Hecla Mining were worth $329,000 as of its most recent SEC filing.

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

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the sale, the vice president owned 59,410 shares of the company’s stock, valued at $395,670.60. The trade was a 24.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Hecla Mining Stock Down 4.1%

Shares of HL opened at $7.4340 on Wednesday. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $7.86. The firm has a market cap of $4.98 billion, a P/E ratio of 46.47 and a beta of 1.27. The firm’s 50-day simple moving average is $6.27 and its 200 day simple moving average is $5.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $304.03 million for the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. Hecla Mining’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. On average, analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.2%. Hecla Mining’s payout ratio is currently 6.25%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HC Wainwright boosted their price target on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 7th. National Bank Financial upgraded shares of Hecla Mining to a “hold” rating in a research note on Thursday, June 12th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research note on Friday, June 13th. CIBC boosted their price objective on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets boosted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.36.

Hecla Mining Company 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.