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

Sigma Planning Corp reduced its position in shares of Hecla Mining (NYSE:HL) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,618 shares of the basic materials company’s stock after selling 9,269 shares during the period. Sigma Planning Corp’s holdings in Hecla Mining were worth $51,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Partners II LLC acquired a new position in Hecla Mining in the third quarter valued at approximately $52,000. Cornerstone Wealth Management LLC bought a new position in Hecla Mining during the 4th quarter worth $72,000. Banco Santander S.A. increased its position in Hecla Mining by 15.6% in the third quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock worth $73,000 after buying an additional 2,525 shares during the period. Keybank National Association OH bought a new stake in Hecla Mining in the third quarter valued at $76,000. Finally, SG Americas Securities LLC acquired a new position in shares of Hecla Mining during the fourth quarter valued at $76,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.00 on Tuesday. The stock’s 50 day moving average price is $4.57 and its 200 day moving average price is $4.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -33.33 and a beta of 2.20. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $6.30.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm’s quarterly revenue was down 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS. Equities research analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were paid a $0.006 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.02 annualized dividend and a dividend yield of 0.48%. Hecla Mining’s dividend payout ratio is currently -20.00%.

Wall Street Analysts Forecast Growth

HL has been the topic of several recent research reports. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. StockNews.com raised Hecla Mining to a “sell” rating in a report on Wednesday, April 10th. Finally, Roth Mkm raised their target price on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.68.

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.