B. Riley Wealth Advisors Inc. Has $7.75 Million Holdings in Hecla Mining (NYSE:HL)

B. Riley Wealth Advisors Inc. trimmed its stake in Hecla Mining (NYSE:HL) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,163,897 shares of the basic materials company’s stock after selling 48,249 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Hecla Mining were worth $7,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HL. Cetera Advisors LLC raised its holdings in Hecla Mining by 48.9% in the 1st quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 5,104 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Hecla Mining by 261.2% during the 2nd quarter. SG Americas Securities LLC now owns 141,600 shares of the basic materials company’s stock worth $687,000 after acquiring an additional 102,392 shares during the period. Continuum Advisory LLC increased its stake in Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares during the period. Neo Ivy Capital Management acquired a new position in Hecla Mining in the second quarter worth about $91,000. Finally, Ninety One UK Ltd raised its position in Hecla Mining by 17.0% in the second quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company’s stock worth $39,863,000 after purchasing an additional 1,196,515 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Securities lowered their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Stock Down 2.4 %

NYSE HL opened at $5.40 on Friday. The stock’s 50 day simple moving average is $6.12 and its 200 day simple moving average is $5.87. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The firm has a market cap of $3.39 billion, a PE ratio of -135.00 and a beta of 1.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $232.03 million. During the same quarter last year, the company posted ($0.01) EPS. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s dividend payout ratio is -125.00%.

About Hecla Mining

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.