Hecla Mining (NYSE:HL) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp increased its position in Hecla Mining (NYSE:HL) by 15.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,371 shares of the basic materials company’s stock after purchasing an additional 3,517 shares during the period. Sigma Planning Corp’s holdings in Hecla Mining were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HL. Vanguard Group Inc. increased its holdings in shares of Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after acquiring an additional 1,506,573 shares during the last quarter. Van ECK Associates Corp increased its stake in Hecla Mining by 4.3% during the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after purchasing an additional 2,238,559 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hecla Mining by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 34,644,620 shares of the basic materials company’s stock worth $168,027,000 after purchasing an additional 146,689 shares during the period. Tidal Investments LLC bought a new position in shares of Hecla Mining in the 1st quarter worth about $42,576,000. Finally, Ninety One UK Ltd boosted its holdings in shares of Hecla Mining by 17.0% in the 2nd quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company’s stock valued at $39,863,000 after buying an additional 1,196,515 shares during the period. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. This trade represents a 38.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Hecla Mining Trading Down 1.8 %

NYSE:HL opened at $5.50 on Monday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -137.50 and a beta of 2.00. 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 business has a fifty day moving average of $6.52 and a 200-day moving average of $5.86.

Hecla Mining (NYSE:HL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The firm had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. Hecla Mining’s revenue was up 34.7% compared to the same quarter last year. Equities analysts predict that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.00%. Hecla Mining’s dividend payout ratio is presently -125.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HL. HC Wainwright restated a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Roth Mkm cut their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TD Securities cut their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.94.

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.