Oak Family Advisors LLC Invests $55,000 in Hecla Mining (NYSE:HL)

Oak Family Advisors LLC bought a new position in shares of Hecla Mining (NYSE:HL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,396 shares of the basic materials company’s stock, valued at approximately $55,000.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC bought a new position in Hecla Mining during the first quarter worth about $42,576,000. Van ECK Associates Corp increased its holdings in Hecla Mining by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 60,513,592 shares of the basic materials company’s stock valued at $291,070,000 after buying an additional 3,827,580 shares during the period. Norges Bank bought a new position in Hecla Mining in the 4th quarter valued at about $13,761,000. Vanguard Group Inc. grew its holdings in shares of Hecla Mining by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after purchasing an additional 1,506,573 shares during the last quarter. Finally, Ninety One UK Ltd grew its holdings in shares of Hecla Mining by 17.0% during the 2nd quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company’s stock valued at $39,863,000 after purchasing an additional 1,196,515 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CAO Michael L. Clary sold 30,634 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the completion of the sale, the chief accounting officer now owns 351,972 shares in the company, valued at approximately $1,728,182.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now owns 351,972 shares in the company, valued at approximately $1,728,182.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.91, for a total transaction of $57,343.89. Following the completion of the sale, the chief financial officer now owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,105 shares of company stock worth $329,486. 1.40% of the stock is owned by corporate insiders.

Hecla Mining Stock Down 2.6 %

Shares of Hecla Mining stock traded down $0.16 during trading on Thursday, reaching $6.01. 9,388,958 shares of the company traded hands, compared to its average volume of 8,298,050. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.35. The company has a 50 day moving average price of $5.40 and a 200-day moving average price of $4.99. The firm has a market capitalization of $3.76 billion, a PE ratio of -40.20 and a beta of 2.01.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $245.66 million for the quarter, compared to the consensus estimate of $208.80 million. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. During the same quarter in the previous year, the company earned $0.03 EPS. As a group, equities research analysts expect that Hecla Mining will post 0.05 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Monday, August 26th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s payout ratio is -33.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HL. CIBC lifted their price target on shares of Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Cibc World Mkts upgraded shares of Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. Cantor Fitzgerald upgraded shares of Hecla Mining to a “strong-buy” rating in a research report on Thursday, May 9th. HC Wainwright restated a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.89.

About Hecla Mining

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.