Hecla Mining (NYSE:HL) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in Hecla Mining (NYSE:HL) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,123,465 shares of the basic materials company’s stock after selling 32,478 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.18% of Hecla Mining worth $5,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HL. Cornerstone Wealth Management LLC purchased a new stake in Hecla Mining during the 4th quarter worth approximately $72,000. SG Americas Securities LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth about $76,000. ORG Partners LLC raised its stake in shares of Hecla Mining by 1,172.3% in the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 16,412 shares in the last quarter. Strs Ohio lifted its position in shares of Hecla Mining by 211.9% during the fourth quarter. Strs Ohio now owns 18,400 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Forum Financial Management LP lifted its position in shares of Hecla Mining by 24.4% during the fourth quarter. Forum Financial Management LP now owns 21,152 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 4,146 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Down 2.4 %

HL opened at $5.08 on Tuesday. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $6.29. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of -33.83 and a beta of 2.12. The firm’s 50-day simple moving average is $5.40 and its 200-day simple moving average is $4.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.67.

Hecla Mining (NYSE:HL) last announced its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Hecla Mining had a negative return on equity of 0.28% and a negative net margin of 12.22%. The company had revenue of $189.53 million for the quarter, compared to analysts’ expectations of $190.31 million. Equities research analysts anticipate that Hecla Mining will post 0.04 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were given a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, May 23rd. Hecla Mining’s dividend payout ratio is -20.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HL. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Cantor Fitzgerald upgraded Hecla Mining to a “strong-buy” rating in a research report on Thursday, May 9th. CIBC raised their price target on Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Roth Mkm upped their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.97.

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.