Hecla Mining (NYSE:HL) Declares Dividend of $0.01

Hecla Mining (NYSE:HL) declared a dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.0138 per share by the basic materials company on Thursday, September 5th. The ex-dividend date of this dividend is Monday, August 26th. This is a positive change from Hecla Mining’s previous dividend of $0.002.

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 11.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hecla Mining to earn $0.12 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 25.0%.

Hecla Mining Trading Down 0.8 %

NYSE HL traded down $0.04 on Wednesday, reaching $4.81. The company had a trading volume of 12,704,061 shares, compared to its average volume of 8,284,735. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -32.27 and a beta of 2.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.35. The business has a 50 day moving average of $5.43 and a two-hundred day moving average of $4.88.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. The firm had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. During the same quarter last year, the business earned $0.03 EPS. Analysts forecast that Hecla Mining will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research note on Thursday, May 9th. CIBC upped their price target on Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Cibc World Mkts raised Hecla Mining to a “hold” rating in a research note on Wednesday, May 22nd. HC Wainwright reaffirmed a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research report on Friday, July 12th. Finally, Roth Mkm lifted their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.89.

Insider Activity at Hecla Mining

In other news, CAO Michael L. Clary sold 30,634 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the transaction, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at $1,728,182.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Michael L. Clary sold 30,634 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the completion of the transaction, the chief accounting officer now owns 351,972 shares of the company’s stock, valued at $1,728,182.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $4.91, for a total transaction of $57,343.89. Following the sale, the chief financial officer now directly owns 393,894 shares in the company, valued at approximately $1,934,019.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,105 shares of company stock worth $329,486. 1.40% of the stock is owned by corporate 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.