Wealthfront Advisers LLC Purchases Shares of 11,802 Hecla Mining Company $HL

Wealthfront Advisers LLC bought a new stake in Hecla Mining Company (NYSE:HL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,802 shares of the basic materials company’s stock, valued at approximately $71,000.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Hecla Mining by 31.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,735 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 5,852 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Hecla Mining by 9.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 175,196 shares of the basic materials company’s stock valued at $974,000 after acquiring an additional 14,853 shares in the last quarter. KBC Group NV lifted its position in Hecla Mining by 36.4% in the 1st quarter. KBC Group NV now owns 32,536 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 8,689 shares in the last quarter. Principal Financial Group Inc. lifted its position in Hecla Mining by 22.0% in the 1st quarter. Principal Financial Group Inc. now owns 39,611 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 7,149 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Hecla Mining by 387.4% in the first quarter. D.A. Davidson & CO. now owns 69,812 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 55,488 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on HL. CIBC increased their price objective on shares of Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hecla Mining in a research note on Wednesday, October 8th. HC Wainwright raised their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. Roth Capital set a $8.75 price objective on shares of Hecla Mining and gave the stock a “sell” rating in a report on Friday, October 3rd. Finally, Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.75.

Hecla Mining Stock Performance

Hecla Mining stock opened at $12.83 on Monday. The firm’s 50 day simple moving average is $11.48 and its 200 day simple moving average is $7.90. 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 firm has a market capitalization of $8.60 billion, a PE ratio of 80.19 and a beta of 1.31. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $15.44.

Hecla Mining (NYSE:HL) last released 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. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. During the same period in the previous year, the business earned $0.02 EPS. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. As a group, analysts expect that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd were paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s payout ratio is currently 6.25%.

Insiders Place Their Bets

In other Hecla Mining 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 sale, the vice president owned 73,200 shares in the company, valued at $826,428. This trade represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by insiders.

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.