Hecla Mining (NYSE:HL) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Hecla Mining (NYSE:HL) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,714 shares of the basic materials company’s stock after acquiring 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.

A number of other large investors have also recently added to or reduced their stakes in HL. Continuum Advisory LLC raised its stake in shares of Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 4,967 shares in the last quarter. Innealta Capital LLC bought a new position in Hecla Mining during the 2nd quarter worth approximately $41,000. Sound Income Strategies LLC acquired a new position in shares of Hecla Mining in the 3rd quarter worth approximately $49,000. Ballentine Partners LLC bought a new stake in shares of Hecla Mining in the 2nd quarter valued at approximately $54,000. Finally, Oak Family Advisors LLC acquired a new stake in shares of Hecla Mining during the 2nd quarter valued at approximately $55,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Trading Down 2.2 %

Hecla Mining stock opened at $5.46 on Wednesday. The firm has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $5.85. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.68. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -136.50 and a beta of 2.00. 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 issued 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. Hecla Mining had a positive return on equity of 0.76% and a negative net margin of 2.27%. The business had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. Sell-side analysts expect that Hecla Mining will post 0.07 earnings per share for the current year.

Hecla Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HL shares. Roth Mkm decreased 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. TD Securities decreased their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, HC Wainwright reiterated a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Insider Activity

In related news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.