Exencial Wealth Advisors LLC Buys Shares of 36,763 Hecla Mining (NYSE:HL)

Exencial Wealth Advisors LLC purchased a new position in shares of Hecla Mining (NYSE:HL) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 36,763 shares of the basic materials company’s stock, valued at approximately $181,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Hecla Mining by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after buying an additional 502,094 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Hecla Mining during the fourth quarter worth $73,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth $44,000. U S Global Investors Inc. grew its stake in shares of Hecla Mining by 150.0% in the fourth quarter. U S Global Investors Inc. now owns 500,000 shares of the basic materials company’s stock worth $2,455,000 after purchasing an additional 300,000 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Hecla Mining in the fourth quarter valued at $207,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on HL shares. HC Wainwright reaffirmed a “buy” rating and set a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. TD Securities reduced their target price on Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Friday, February 21st. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Insider Buying and Selling at Hecla Mining

In other news, CAO Michael L. Clary sold 32,387 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $167,764.66. Following the completion of the sale, the chief accounting officer now directly owns 246,440 shares of the company’s stock, valued at $1,276,559.20. The trade was a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Krcmarov purchased 6,570 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 57,915 shares of company stock valued at $300,000. Company insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

Shares of HL opened at $5.43 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of 108.52 and a beta of 1.94. Hecla Mining has a 52-week low of $3.99 and a 52-week high of $7.68. The business’s 50 day moving average price is $5.43 and its two-hundred day moving average price is $5.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. On average, equities analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio (DPR) is currently 20.00%.

Hecla Mining Company 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.