Hecla Mining Company $HL Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. raised its stake in shares of Hecla Mining Company (NYSE:HL) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 405,049 shares of the basic materials company’s stock after purchasing an additional 28,465 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Hecla Mining were worth $4,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of Hecla Mining by 9.9% during the third quarter. Nisa Investment Advisors LLC now owns 12,620 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,134 shares during the last quarter. GAMMA Investing LLC grew its stake in Hecla Mining by 28.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 1,434 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hecla Mining by 7.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,080 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 1,516 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Hecla Mining by 3.0% in the second quarter. Ameritas Investment Partners Inc. now owns 61,291 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 1,779 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of Hecla Mining by 1.5% during the second quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company’s stock worth $754,000 after purchasing an additional 1,900 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Stock Up 1.6%

HL opened at $31.79 on Monday. The company has a fifty day moving average of $19.83 and a two-hundred day moving average of $13.50. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 102.54 and a beta of 1.28. Hecla Mining Company has a fifty-two week low of $4.46 and a fifty-two week high of $32.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $409.54 million for the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The company’s quarterly revenue was up 67.1% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. On average, research analysts expect that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a $0.0038 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%. Hecla Mining’s payout ratio is 3.23%.

Insider Transactions at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 148,372 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the transaction, the chief financial officer owned 347,402 shares in the company, valued at $5,211,030. This trade represents a 29.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the sale, the vice president directly owned 216,641 shares in the company, valued at $4,746,604.31. This represents a 19.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 426,679 shares of company stock valued at $7,678,773 in the last three months. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HL shares. Canaccord Genuity Group set a $26.50 price target on shares of Hecla Mining in a report on Friday. HC Wainwright increased their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Zacks Research upgraded shares of Hecla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, CIBC increased their price target on Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hecla Mining presently has a consensus rating of “Hold” and a consensus target price of $12.72.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.