Strategic Wealth Advisors Group LLC Invests $205,000 in Hecla Mining (NYSE:HL)

Strategic Wealth Advisors Group LLC purchased a new position in shares of Hecla Mining (NYSE:HL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 111,655 shares of the basic materials company’s stock, valued at approximately $205,000.

Several other large investors also recently bought and sold shares of HL. Verde Servicos Internacionais S.A. purchased a new position in shares of Hecla Mining during the 3rd quarter worth about $29,000. Advisors Management Group Inc. ADV acquired a new position in Hecla Mining during the second quarter valued at approximately $31,000. Brookstone Capital Management boosted its position in Hecla Mining by 90.5% during the third quarter. Brookstone Capital Management now owns 22,974 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 10,916 shares during the last quarter. Corient Capital Partners LLC acquired a new position in Hecla Mining during the second quarter valued at approximately $41,000. Finally, First Allied Advisory Services Inc. acquired a new position in Hecla Mining during the second quarter valued at approximately $41,000. 56.61% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. Zacks Investment Research cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. B. Riley cut their price objective on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a research report on Friday, October 11th. HC Wainwright raised their price objective on Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a research report on Monday, August 19th. Canaccord Genuity cut Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective for the company. in a research report on Wednesday, August 7th. Finally, Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2.10.

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Shares of HL traded up $0.08 during mid-day trading on Friday, reaching $2.31. The company’s stock had a trading volume of 7,844,255 shares, compared to its average volume of 7,279,325. Hecla Mining has a 1-year low of $1.21 and a 1-year high of $3.07. The stock has a market cap of $1.13 billion, a P/E ratio of -21.00 and a beta of 0.97. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $1.80. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 0.37.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $161.50 million during the quarter, compared to analyst estimates of $179.40 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. Research analysts anticipate that Hecla Mining will post -0.13 EPS for the current year.

In other news, Director Catherine J. Boggs purchased 40,540 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $1.50 per share, with a total value of $60,810.00. Following the completion of the acquisition, the director now owns 40,540 shares in the company, valued at approximately $60,810. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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

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