Hecla Mining (NYSE:HL) Plans Quarterly Dividend of $0.01

Hecla Mining (NYSE:HL) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.0138 per share by the basic materials company on Wednesday, December 4th. This represents a $0.06 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st.

Hecla Mining has increased its dividend by an average of 15.4% per year over the last three years. Hecla Mining has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hecla Mining to earn $0.16 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 37.5%.

Hecla Mining Trading Up 1.1 %

Shares of HL stock opened at $5.71 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of -142.75 and a beta of 2.00. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The stock’s 50-day moving average price is $6.52 and its 200-day moving average price is $5.87.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS. Equities research analysts predict that Hecla Mining will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on HL. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Roth Mkm decreased their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Insider Transactions at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.