Avaii Wealth Management LLC Boosts Stock Holdings in Hecla Mining Company $HL

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HL. EFG International AG purchased a new stake in Hecla Mining in the 2nd quarter valued at about $36,000. International Assets Investment Management LLC increased its position in shares of Hecla Mining by 154.6% during the first quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,500 shares during the period. Trust Co. of Vermont bought a new stake in shares of Hecla Mining during the second quarter valued at approximately $39,000. Root Financial Partners LLC boosted its holdings in shares of Hecla Mining by 26.9% in the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 538 shares during the period. Finally, Bullseye Investment Management LLC bought a new position in Hecla Mining in the second quarter worth approximately $42,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Up 2.0%

Shares of HL traded up $0.33 during trading hours on Friday, hitting $17.06. The company had a trading volume of 29,089,208 shares, compared to its average volume of 27,345,729. The company has a market capitalization of $11.46 billion, a PE ratio of 34.82 and a beta of 1.37. Hecla Mining Company has a one year low of $11.81 and a one year high of $34.17. The company’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $17.56.

Hecla Mining (NYSE:HL) last issued 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 net margin of 20.84% and a return on equity of 18.91%. The company had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. During the same period in the previous year, the business earned $0.09 EPS. Hecla Mining’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts forecast that Hecla Mining Company will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is currently 2.04%.

Analysts Set New Price Targets

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

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.