Hecla Mining Company $HL Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in Hecla Mining Company (NYSE:HL) by 4,210.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,355 shares of the basic materials company’s stock after purchasing an additional 14,022 shares during the quarter. Farther Finance Advisors LLC’s holdings in Hecla Mining were worth $86,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Hecla Mining in the 1st quarter valued at $31,000. PFG Investments LLC acquired a new position in Hecla Mining in the 1st quarter valued at $56,000. DRW Securities LLC acquired a new position in Hecla Mining in the 1st quarter valued at $54,000. Hohimer Wealth Management LLC acquired a new position in Hecla Mining in the 1st quarter valued at $58,000. Finally, Tradition Wealth Management LLC acquired a new position in Hecla Mining in the 1st quarter valued at $62,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the sale, the vice president directly owned 73,200 shares of the company’s stock, valued at approximately $826,428. This trade represents a 16.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HL shares. HC Wainwright increased their price objective on Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. National Bankshares set a $7.00 target price on Hecla Mining in a report on Friday, June 13th. Roth Capital set a $8.75 target price on Hecla Mining and gave the company a “sell” rating in a report on Friday. BMO Capital Markets upped their target price on Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, August 7th. Finally, National Bank Financial upgraded Hecla Mining to a “hold” rating in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.75.

Hecla Mining Stock Down 1.4%

Shares of NYSE:HL opened at $11.89 on Friday. The business has a 50-day moving average price of $9.00 and a 200 day moving average price of $6.81. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 74.33 and a beta of 1.31. Hecla Mining Company has a 12-month low of $4.46 and a 12-month high of $12.55.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $304.03 million during the quarter, compared to the consensus estimate of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. Sell-side analysts expect that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently 6.25%.

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.