Oxbow Advisors LLC Takes Position in Hecla Mining Company $HL

Oxbow Advisors LLC acquired a new stake in shares of Hecla Mining Company (NYSE:HL) in the second quarter, HoldingsChannel reports. The fund acquired 483,195 shares of the basic materials company’s stock, valued at approximately $7,456,000.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Hecla Mining in the second quarter valued at approximately $1,085,779,000. State Street Corp grew its stake in Hecla Mining by 14.8% during the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock worth $417,278,000 after buying an additional 4,453,706 shares during the last quarter. Tidal Investments LLC increased its position in Hecla Mining by 14.7% in the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after buying an additional 2,574,855 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hecla Mining by 40.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after buying an additional 4,928,130 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock valued at $319,000,000 after acquiring an additional 1,770,949 shares during the period. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 4.7%

Shares of NYSE HL opened at $17.94 on Wednesday. Hecla Mining Company has a twelve month low of $7.40 and a twelve month high of $34.17. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 36.62 and a beta of 1.32. The firm has a 50-day moving average of $15.78 and a two-hundred day moving average of $18.31.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. During the same period in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts predict that Hecla Mining Company will post 0.47 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, August 26th. Hecla Mining’s dividend payout ratio is 2.04%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, HC Wainwright reduced their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. 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’s stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus target price of $24.12.

Hecla Mining Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.