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

Hecla Mining (NYSE:HL) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 21st will be given 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 dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, November 21st.

Hecla Mining has increased its dividend payment by an average of 15.4% per year over the last three years. Hecla Mining has a payout ratio of 22.2% indicating that 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 Price Performance

Shares of NYSE HL opened at $6.02 on Friday. The stock’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $5.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The firm has a market capitalization of $3.79 billion, a PE ratio of -75.25 and a beta of 2.00. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.68.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating 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 business had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. As a group, equities research analysts forecast that Hecla Mining will post 0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on HL. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Roth Mkm reduced their price objective on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, HC Wainwright restated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.56.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the sale, the vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by 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.