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

Hecla Mining (NYSE:HL) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors 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 dividend on an annualized basis 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% annually over the last three years. Hecla Mining has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 trading on Thursday, hitting $6.02. The stock had a trading volume of 21,354,197 shares, compared to its average volume of 9,023,732. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. 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 company’s 50-day moving average price is $6.53 and its two-hundred day moving average price is $5.83. The company has a market capitalization of $3.79 billion, a PE 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The firm had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. During the same period last year, the company earned ($0.01) earnings per share. The business’s revenue was up 34.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hecla Mining will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Hecla Mining

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

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.