Hecla Mining Company (HL) To Go Ex-Dividend on May 22nd

Hecla Mining Company (NYSE:HL) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.0038 per share by the basic materials company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd.

Hecla Mining has a payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hecla Mining to earn $0.37 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 2.7%.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $16.34 on Wednesday. The stock’s fifty day moving average price is $18.86 and its two-hundred day moving average price is $19.73. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 39.86 and a beta of 1.26. 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 one year low of $4.90 and a one year high of $34.17.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. On average, equities analysts forecast that Hecla Mining will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Hecla Mining

Several large investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in Hecla Mining in the first quarter valued at about $92,000. Janus Henderson Group PLC raised its position in Hecla Mining by 67.1% in the first quarter. Janus Henderson Group PLC now owns 1,045,353 shares of the basic materials company’s stock valued at $19,478,000 after purchasing an additional 419,812 shares during the last quarter. South Dakota Investment Council bought a new position in Hecla Mining in the first quarter valued at about $1,118,000. Guardian Partners Inc. bought a new position in Hecla Mining in the first quarter valued at about $354,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Hecla Mining by 78.2% during the first quarter. EverSource Wealth Advisors LLC now owns 9,025 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 3,960 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

About Hecla Mining

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.