33,978 Hecla Mining Company $HL Shares Bought by Avaii Wealth Management LLC

Avaii Wealth Management LLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 137.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,763 shares of the basic materials company’s stock after buying an additional 33,978 shares during the quarter. Avaii Wealth Management LLC’s holdings in Hecla Mining were worth $1,011,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EFG International AG bought a new position in shares of Hecla Mining during the 2nd quarter valued at approximately $36,000. Trust Co. of Vermont purchased a new stake in Hecla Mining during the second quarter valued at $39,000. Bullseye Investment Management LLC purchased a new stake in Hecla Mining during the second quarter valued at $42,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Hecla Mining during the second quarter valued at $46,000. Finally, Root Financial Partners LLC grew its stake in shares of Hecla Mining by 26.9% in the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock worth $47,000 after buying an additional 538 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HL shares. Royal Bank Of Canada reduced their target price on shares of Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Weiss Ratings upgraded Hecla Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Jefferies Financial Group began coverage on Hecla Mining in a research report on Thursday, August 20th. They set a “hold” rating and a $22.00 price objective on the stock. Scotiabank lowered their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded Hecla Mining to a “hold” rating in a report on Friday, July 17th. Four 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.com, the company has an average rating of “Hold” and a consensus price target of $23.34.

Hecla Mining Stock Up 2.0%

NYSE:HL traded up $0.33 during mid-day trading on Friday, hitting $17.06. 29,089,208 shares of the stock traded hands, compared to its average volume of 27,345,729. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 34.82 and a beta of 1.37. Hecla Mining Company has a 52 week low of $11.81 and a 52 week high of $34.17. The firm’s 50 day moving average is $18.54 and its two-hundred day moving average is $17.56.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The firm had revenue of $333.85 million during the quarter, compared to analysts’ expectations of $368.75 million. During the same period last year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Hecla Mining Company will post 0.46 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th were issued a $0.0037 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, August 26th. Hecla Mining’s dividend payout ratio is presently 2.04%.

Hecla Mining Profile

Hecla Mining Company is a precious and base metals producer founded in 1891 and headquartered in Coeur d’Alene, Idaho. The company explores for, develops, and operates mines that produce silver, gold, lead, and zinc. Its silver production serves industrial, investment, and other markets, while gold and base metals contribute to its broader mining portfolio.

Hecla’s operating assets have included the Greens Creek mine in southeast Alaska, the Lucky Friday mine in Idaho, the Casa Berardi mine in Quebec, and the Keno Hill silver district in Yukon, Canada.