Hecla Mining (NYSE:HL) Stake Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hecla Mining (NYSE:HL) by 21.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,714 shares of the basic materials company’s stock after purchasing an additional 2,982 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hecla Mining were worth $111,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Management Associates Inc bought a new stake in shares of Hecla Mining during the 3rd quarter worth $101,000. Ballentine Partners LLC lifted its holdings in shares of Hecla Mining by 37.6% during the third quarter. Ballentine Partners LLC now owns 15,435 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 4,215 shares during the last quarter. Eastern Bank acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $293,000. GFG Capital LLC purchased a new position in Hecla Mining in the 3rd quarter worth about $67,000. Finally, nVerses Capital LLC raised its holdings in Hecla Mining by 36.5% during the 3rd quarter. nVerses Capital LLC now owns 43,000 shares of the basic materials company’s stock worth $287,000 after buying an additional 11,500 shares during the period. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Down 2.2 %

HL stock opened at $5.46 on Wednesday. The company has a 50 day moving average of $6.52 and a two-hundred day moving average of $5.85. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -136.50 and a beta of 2.00. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a positive return on equity of 0.76% and a negative net margin of 2.27%. Hecla Mining’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. On average, equities analysts anticipate that Hecla Mining will post 0.07 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.0138 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.06 annualized dividend and a dividend yield of 1.01%. Hecla Mining’s dividend payout ratio is -125.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. HC Wainwright reiterated a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. TD Securities decreased 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 note on Friday, November 8th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, Roth Mkm dropped their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Insider Activity at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now owns 173,700 shares in the company, valued at approximately $1,175,949. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Hecla Mining 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.