Strategic Wealth Advisors Group LLC Invests $279,000 in Hecla Mining (HL) Stock

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Strategic Wealth Advisors Group LLC bought a new position in shares of Hecla Mining (NYSE:HL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,027 shares of the basic materials company’s stock, valued at approximately $279,000.

A number of other institutional investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of Hecla Mining by 13,731.8% during the second quarter. Tower Research Capital LLC TRC now owns 48,273 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 47,924 shares in the last quarter. GAM Holding AG acquired a new position in shares of Hecla Mining during the second quarter worth $186,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Hecla Mining during the second quarter worth $208,000. Stevens Capital Management LP acquired a new position in shares of Hecla Mining during the second quarter worth $219,000. Finally, Xact Kapitalforvaltning AB increased its position in shares of Hecla Mining by 34.4% during the first quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 15,600 shares in the last quarter. Institutional investors own 51.90% of the company’s stock.

NYSE HL opened at $2.51 on Friday. Hecla Mining has a 1 year low of $2.17 and a 1 year high of $4.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.77 and a current ratio of 1.50. The firm has a market capitalization of $1.07 billion, a P/E ratio of 25.10, a PEG ratio of 370.00 and a beta of 0.41.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, November 8th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Hecla Mining had a negative net margin of 5.18% and a positive return on equity of 0.60%. The business had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.34 million. During the same period in the previous year, the company posted $0.04 earnings per share. Hecla Mining’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that Hecla Mining will post -0.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, November 20th will be issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Monday, November 19th. Hecla Mining’s payout ratio is 10.00%.

Several equities analysts recently issued reports on the company. Canaccord Genuity raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 9th. HC Wainwright set a $7.00 target price on Hecla Mining and gave the company a “buy” rating in a research report on Friday, November 9th. ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. BMO Capital Markets cut their target price on Hecla Mining from $3.20 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, October 24th. Finally, B. Riley cut their target price on Hecla Mining from $5.00 to $3.75 and set a “buy” rating on the stock in a research report on Thursday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.61.

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Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

See Also: Discount Rate

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Institutional Ownership by Quarter for Hecla Mining (NYSE:HL)

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