Sigma Planning Corp Has $51,000 Holdings in Hecla Mining (NYSE:HL)

Sigma Planning Corp trimmed its position in Hecla Mining (NYSE:HL) by 46.6% in the fourth quarter, HoldingsChannel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Hecla Mining by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock valued at $225,090,000 after buying an additional 487,299 shares in the last quarter. Jump Financial LLC lifted its stake in Hecla Mining by 53.8% during the third quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company’s stock worth $2,215,000 after purchasing an additional 198,254 shares during the period. Northern Trust Corp grew its stake in shares of Hecla Mining by 1.2% in the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock valued at $23,182,000 after purchasing an additional 69,308 shares during the period. TIAA Trust National Association bought a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $156,000. Finally, ORG Partners LLC lifted its position in shares of Hecla Mining by 1,172.3% during the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock worth $86,000 after buying an additional 16,412 shares during the period. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

HL opened at $5.00 on Tuesday. 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 company’s 50 day simple moving average is $4.57 and its 200-day simple moving average is $4.41. Hecla Mining has a one year low of $3.33 and a one year high of $6.30. The stock has a market capitalization of $3.08 billion, a P/E ratio of -33.33 and a beta of 2.20.

Hecla Mining (NYSE:HL) last announced 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). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The firm had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The firm’s quarterly revenue was down 17.5% on a year-over-year basis. Sell-side analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a yield of 0.48%. Hecla Mining’s payout ratio is presently -20.00%.

Analyst Ratings Changes

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