Hecla Mining Company (HL) To Go Ex-Dividend on November 23rd

Hecla Mining Company (NYSE:HL) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.0037 per share by the basic materials company on Tuesday, December 8th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, November 23rd.

Hecla Mining has a payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Hecla Mining to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 1.1%.

Hecla Mining Price Performance

NYSE HL opened at $14.91 on Thursday. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 26.62 and a beta of 1.44. Hecla Mining has a one year low of $11.81 and a one year high of $34.17. The business’s fifty day moving average is $17.30 and its 200-day moving average is $18.55.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. Hecla Mining had a net margin of 24.11% and a return on equity of 21.36%. The company had revenue of $394.82 million during the quarter, compared to analyst estimates of $340.10 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts expect that Hecla Mining will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HL. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Jefferies Financial Group initiated coverage on Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 price objective on the stock. Weiss Ratings downgraded Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Scotiabank lowered their target price on Hecla Mining from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada cut their price target on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.22.

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.