PCG Wealth Advisors LLC Grows Position in Hecla Mining Company $HL

PCG Wealth Advisors LLC raised its stake in Hecla Mining Company (NYSE:HL) by 53.3% during the second quarter, HoldingsChannel.com reports. The fund owned 35,520 shares of the basic materials company’s stock after purchasing an additional 12,345 shares during the quarter. PCG Wealth Advisors LLC’s holdings in Hecla Mining were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HL. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Hecla Mining in the first quarter worth about $31,000. DRW Securities LLC purchased a new position in Hecla Mining during the 1st quarter valued at approximately $54,000. Hohimer Wealth Management LLC bought a new stake in Hecla Mining in the 1st quarter worth approximately $58,000. Tradition Wealth Management LLC bought a new position in shares of Hecla Mining during the 1st quarter valued at approximately $62,000. Finally, Abel Hall LLC bought a new position in shares of Hecla Mining during the 1st quarter valued at approximately $64,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HL. CIBC upped their price target 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. Roth Capital set a $8.75 price target on shares of Hecla Mining and gave the company a “sell” rating in a report on Friday, October 3rd. HC Wainwright boosted their price objective on Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings raised Hecla Mining from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Wall Street Zen upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.32.

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction that occurred on Friday, September 12th. The shares were 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 owned 73,200 shares of the company’s stock, valued at approximately $826,428. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Hecla Mining Price Performance

HL opened at $15.01 on Tuesday. The business has a fifty day moving average of $12.08 and a 200 day moving average of $8.21. The stock has a market cap of $10.06 billion, a P/E ratio of 93.82 and a beta of 1.29. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. Hecla Mining Company has a 52-week low of $4.46 and a 52-week high of $15.44.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The business’s revenue was up 67.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Hecla Mining Company will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be 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 is Monday, November 24th. Hecla Mining’s dividend payout ratio is currently 3.23%.

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.