Hecla Mining Company (NYSE:HL) Declares Quarterly Dividend of $0.00

Hecla Mining Company (NYSE:HL) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.0038 per share by the basic materials company on Thursday, September 10th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th.

Hecla Mining has a dividend payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn $0.89 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

Shares of NYSE HL opened at $15.44 on Wednesday. The business has a fifty day moving average price of $15.57 and a two-hundred day moving average price of $19.08. The stock has a market capitalization of $10.35 billion, a PE ratio of 37.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. Hecla Mining has a fifty-two week low of $5.86 and a fifty-two week high of $34.17.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. During the same period last year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that Hecla Mining will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. HC Wainwright cut their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, April 29th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.12.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.