Kingsview Wealth Management LLC Takes Position in Hecla Mining (NYSE:HL)

Kingsview Wealth Management LLC purchased a new position in shares of Hecla Mining (NYSE:HL) during the third quarter, HoldingsChannel reports. The firm purchased 88,232 shares of the basic materials company’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in shares of Hecla Mining by 26.5% during the second quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company’s stock valued at $7,880,000 after acquiring an additional 340,000 shares in the last quarter. Marshall Wace LLP acquired a new stake in Hecla Mining in the 2nd quarter valued at $6,280,000. SG Americas Securities LLC increased its stake in 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 valued at $687,000 after purchasing an additional 102,392 shares in the last quarter. Van ECK Associates Corp increased its stake in Hecla Mining by 4.3% during the 3rd 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 in the last quarter. Finally, Cetera Advisors LLC raised its holdings in Hecla Mining by 48.9% during the first quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock worth $75,000 after buying an additional 5,104 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HL shares. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research report 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 dropped their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 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, TD Securities lowered their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Price Performance

Shares of NYSE HL opened at $5.50 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.45 billion, a PE ratio of -137.38 and a beta of 2.00. The stock’s 50 day moving average price is $6.42 and its 200-day moving average price is $5.89. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68.

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, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The business had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. On average, equities analysts anticipate that Hecla Mining will post 0.06 EPS 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 issued a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Hecla Mining Company 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.