Kingswood Wealth Advisors LLC Buys 215,000 Shares of Hecla Mining (NYSE:HL)

Kingswood Wealth Advisors LLC lifted its holdings in Hecla Mining (NYSE:HLFree Report) by 179.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 335,000 shares of the basic materials company’s stock after purchasing an additional 215,000 shares during the quarter. Kingswood Wealth Advisors LLC owned about 0.05% of Hecla Mining worth $1,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of Hecla Mining by 8.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 25,299 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 2,044 shares during the period. CIBC Asset Management Inc grew its position in shares of Hecla Mining by 14.7% in the 1st quarter. CIBC Asset Management Inc now owns 16,353 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 2,092 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Hecla Mining by 13.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 2,200 shares during the period. Principal Financial Group Inc. grew its position in shares of Hecla Mining by 3.7% in the 2nd quarter. Principal Financial Group Inc. now owns 65,324 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 2,301 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Hecla Mining by 0.5% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 433,092 shares of the basic materials company’s stock valued at $1,707,000 after purchasing an additional 2,316 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.45.

View Our Latest Analysis on HL

Hecla Mining Stock Performance

NYSE HL opened at $4.23 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. The stock has a 50 day moving average of $3.89 and a 200-day moving average of $4.19. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.00.

Hecla Mining (NYSE:HLGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $160.69 million for the quarter, compared to the consensus estimate of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm’s quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. As a group, equities analysts expect that Hecla Mining will post 0.01 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th will be issued a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is currently -20.00%.

About Hecla Mining

(Free Report)

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.

See Also

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

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