Sigma Planning Corp Purchases 85,583 Shares of Hecla Mining Company $HL

Sigma Planning Corp boosted its position in Hecla Mining Company (NYSE:HL) by 395.4% during the first quarter, Holdings Channel reports. The institutional investor owned 107,229 shares of the basic materials company’s stock after purchasing an additional 85,583 shares during the quarter. Sigma Planning Corp’s holdings in Hecla Mining were worth $1,998,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HL. Lodestone Wealth Management LLC bought a new position in shares of Hecla Mining during the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC lifted its position in shares of Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares in the last quarter. Sittner & Nelson LLC acquired a new position in Hecla Mining during the fourth quarter worth $29,000. Rothschild Investment LLC boosted its holdings in Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Hecla Mining in the fourth quarter valued at $31,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Trading Down 6.0%

Shares of NYSE:HL opened at $14.53 on Friday. Hecla Mining Company has a 52-week low of $5.62 and a 52-week high of $34.17. The company has a market capitalization of $9.75 billion, a P/E ratio of 35.44 and a beta of 1.29. The company has a 50-day simple moving average of $16.46 and a 200 day simple moving average of $19.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.Hecla Mining’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s payout ratio is presently 2.44%.

Wall Street Analyst Weigh In

HL has been the topic of several recent research reports. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank decreased their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. HC Wainwright reduced their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hecla Mining has an average rating of “Hold” and an average price target of $24.12.

Hecla Mining Company Profile

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.