Hecla Mining (NYSE:HL) to Issue $0.01 Quarterly Dividend

Hecla Mining (NYSE:HLGet Rating) declared a quarterly dividend on Tuesday, May 10th, Zacks reports. Stockholders of record on Wednesday, May 25th will be given a dividend of 0.006 per share by the basic materials company on Friday, June 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Tuesday, May 24th.

Hecla Mining has increased its dividend payment by an average of 55.4% per year over the last three years. Hecla Mining has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

Shares of Hecla Mining stock traded up $0.19 on Wednesday, hitting $4.55. The company had a trading volume of 188,684 shares, compared to its average volume of 9,130,018. The firm has a market capitalization of $2.45 billion, a P/E ratio of -32.35 and a beta of 2.07. Hecla Mining has a twelve month low of $4.28 and a twelve month high of $9.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.13 and a quick ratio of 1.71. The stock has a 50-day moving average of $6.37 and a 200-day moving average of $5.77.

Hecla Mining (NYSE:HLGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $186.50 million during the quarter, compared to analyst estimates of $186.09 million. Hecla Mining had a net margin of 3.80% and a return on equity of 4.29%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Equities analysts predict that Hecla Mining will post 0.12 EPS for the current year.

Several research firms have recently weighed in on HL. Zacks Investment Research upgraded shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 26th. Roth Capital upgraded shares of Hecla Mining from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $6.50 to $6.25 in a report on Wednesday. B. Riley reduced their target price on shares of Hecla Mining from $11.00 to $9.00 in a report on Wednesday. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, HC Wainwright increased their target price on shares of Hecla Mining from $7.75 to $8.25 and gave the stock a “buy” rating in a report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.76.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Forum Financial Management LP bought a new stake in Hecla Mining during the fourth quarter worth $62,000. California State Teachers Retirement System raised its position in Hecla Mining by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 743,132 shares of the basic materials company’s stock worth $3,879,000 after acquiring an additional 16,412 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Hecla Mining in the first quarter valued at about $111,000. CIBC World Markets Inc. raised its position in shares of Hecla Mining by 41.3% in the fourth quarter. CIBC World Markets Inc. now owns 73,534 shares of the basic materials company’s stock valued at $384,000 after purchasing an additional 21,495 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Hecla Mining in the fourth quarter valued at about $112,000. 59.78% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Company Profile (Get Rating)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

See Also

Dividend History for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.