PCG Wealth Advisors LLC Reduces Holdings in Hecla Mining (NYSE:HL)

PCG Wealth Advisors LLC trimmed its stake in Hecla Mining (NYSE:HL) by 53.3% in the 4th quarter, HoldingsChannel reports. The firm owned 23,175 shares of the basic materials company’s stock after selling 26,500 shares during the quarter. PCG Wealth Advisors LLC’s holdings in Hecla Mining were worth $114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in shares of Hecla Mining by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after purchasing an additional 2,238,559 shares during the period. Geode Capital Management LLC lifted its position in shares of Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock worth $92,499,000 after purchasing an additional 711,676 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Hecla Mining by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after purchasing an additional 456,107 shares during the period. FMR LLC lifted its position in shares of Hecla Mining by 51.3% in the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after purchasing an additional 1,842,991 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Hecla Mining by 43.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company’s stock worth $23,223,000 after purchasing an additional 1,059,929 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HL. TD Securities dropped their target price on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining Stock Up 0.6 %

NYSE:HL opened at $5.50 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of -137.38 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68. The firm has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.86.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. Hecla Mining’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. Analysts predict that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.0138 per share. The ex-dividend date of this dividend was 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 is currently -125.00%.

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.