Financial Advocates Investment Management Increases Stake in Hecla Mining (NYSE:HL)

Financial Advocates Investment Management increased its holdings in shares of Hecla Mining (NYSE:HL) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,840 shares of the basic materials company’s stock after buying an additional 4,921 shares during the period. Financial Advocates Investment Management’s holdings in Hecla Mining were worth $210,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. KBC Group NV boosted its holdings in shares of Hecla Mining by 31.9% in the 4th quarter. KBC Group NV now owns 23,847 shares of the basic materials company’s stock valued at $117,000 after buying an additional 5,772 shares in the last quarter. Blue Trust Inc. boosted its stake in Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in Hecla Mining by 90.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 313,094 shares of the basic materials company’s stock worth $1,537,000 after purchasing an additional 149,000 shares during the period. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Hecla Mining by 146.7% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 60,620 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 36,050 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in Hecla Mining by 36.8% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 146,296 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 39,381 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HL has been the subject of a number of recent research reports. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, TD Securities cut their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Price Performance

HL opened at $6.18 on Tuesday. The company’s 50 day simple moving average is $5.41 and its 200 day simple moving average is $5.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68. The stock has a market capitalization of $3.88 billion, a PE ratio of -154.38 and a beta of 1.91.

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.