Hecla Mining (NYSE:HL) Announces Quarterly Dividend of $0.01

Hecla Mining (NYSE:HL) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.0138 per share by the basic materials company on Wednesday, December 4th. This represents a $0.06 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, November 21st.

Hecla Mining has increased its dividend by an average of 15.4% annually over the last three years. Hecla Mining has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Hecla Mining to earn $0.14 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 42.9%.

Hecla Mining Stock Down 2.9 %

NYSE:HL traded down $0.18 during midday trading on Thursday, reaching $6.02. The company had a trading volume of 21,354,197 shares, compared to its average volume of 9,023,732. The stock’s fifty day simple moving average is $6.53 and its 200-day simple moving average is $5.83. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of -77.50 and a beta of 2.00.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The company had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The firm’s revenue was up 34.7% on a year-over-year basis. On average, sell-side analysts anticipate that Hecla Mining will post 0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HL has been the subject of a number of research analyst reports. Roth Mkm decreased their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, HC Wainwright reiterated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.56.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

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.