B. Riley Wealth Advisors Inc. Has $4.49 Million Position in Hecla Mining (NYSE:HL)

B. Riley Wealth Advisors Inc. reduced its position in shares of Hecla Mining (NYSE:HL - Free Report) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914,897 shares of the basic materials company's stock after selling 249,000 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.14% of Hecla Mining worth $4,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in Hecla Mining by 317.4% during the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock valued at $6,069,000 after purchasing an additional 691,862 shares during the last quarter. Inspire Investing LLC boosted its position in Hecla Mining by 31.5% during the fourth quarter. Inspire Investing LLC now owns 81,360 shares of the basic materials company's stock valued at $399,000 after purchasing an additional 19,493 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Hecla Mining by 36.8% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 146,296 shares of the basic materials company's stock valued at $718,000 after purchasing an additional 39,381 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its position in Hecla Mining by 146.7% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 60,620 shares of the basic materials company's stock valued at $298,000 after purchasing an additional 36,050 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its position in Hecla Mining by 90.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 313,094 shares of the basic materials company's stock valued at $1,537,000 after purchasing an additional 149,000 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on HL. TD Securities reduced their price target on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Roth Mkm reduced their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. National Bank Financial raised Hecla Mining to a "hold" rating in a research report on Friday, March 21st. HC Wainwright reissued a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $7.13.

Insider Activity at Hecla Mining

In related news, Director Catherine J. Boggs bought 20,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the acquisition, the director now owns 348,169 shares of the company's stock, valued at $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Hecla Mining Price Performance

Hecla Mining stock traded down $0.01 during mid-day trading on Friday, reaching $5.15. 11,704,717 shares of the company were exchanged, compared to its average volume of 14,309,494. The company has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $5.43. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The firm has a market cap of $3.26 billion, a PE ratio of 103.02 and a beta of 1.57.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The company's revenue for the quarter was up 37.9% on a year-over-year basis. As a group, equities research analysts expect that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is 9.09%.

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.