B. Riley Wealth Advisors Inc. Grows Position in Hecla Mining (NYSE:HL)

B. Riley Wealth Advisors Inc. increased its holdings in shares of Hecla Mining (NYSE:HL) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,212,146 shares of the basic materials company’s stock after purchasing an additional 56,203 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.19% of Hecla Mining worth $5,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HL. SCP Investment LP raised its stake in shares of Hecla Mining by 34.7% in the 4th quarter. SCP Investment LP now owns 38,800 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 10,000 shares during the period. Norges Bank purchased a new stake in Hecla Mining in the fourth quarter valued at approximately $13,761,000. TFO Wealth Partners LLC lifted its stake in Hecla Mining by 82,825.0% during the fourth quarter. TFO Wealth Partners LLC now owns 23,219 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 23,191 shares in the last quarter. Capital Fund Management S.A. lifted its stake in Hecla Mining by 9.1% during the fourth quarter. Capital Fund Management S.A. now owns 1,202,485 shares of the basic materials company’s stock worth $5,784,000 after purchasing an additional 100,468 shares in the last quarter. Finally, Sprott Inc. boosted its position in shares of Hecla Mining by 1.6% during the fourth quarter. Sprott Inc. now owns 2,664,692 shares of the basic materials company’s stock worth $12,817,000 after buying an additional 42,033 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on HL shares. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Roth Mkm dropped their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.56.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares in the company, valued at $1,175,949. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $6.68 on Tuesday. The business has a 50-day simple moving average of $5.92 and a 200-day simple moving average of $5.50. The company has a market cap of $4.18 billion, a PE ratio of -44.53 and a beta of 2.00. Hecla Mining has a one year low of $3.33 and a one year high of $7.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $245.66 million during the quarter, compared to the consensus estimate of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same period in the previous year, the business earned $0.03 EPS. On average, equities research analysts forecast that Hecla Mining will post 0.05 EPS for the current fiscal year.

Hecla Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were issued a $0.0138 dividend. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.82%. Hecla Mining’s dividend payout ratio is presently -33.33%.

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.