Hecla Mining (HL) to Issue Quarterly Dividend of $0.00 on September 3rd

Hecla Mining (NYSE:HL) announced a quarterly dividend on Monday, August 5th, NASDAQ reports. Investors of record on Friday, August 23rd will be paid a dividend of 0.002 per share by the basic materials company on Tuesday, September 3rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, August 22nd.

Hecla Mining has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Hecla Mining to earn ($0.05) per share next year, which means the company may not be able to cover its $0.01 annual dividend with an expected future payout ratio of -20.0%.

NYSE:HL traded up $0.03 during trading hours on Tuesday, reaching $1.55. 223,350 shares of the company were exchanged, compared to its average volume of 9,697,262. The company has a market capitalization of $710.86 million, a P/E ratio of -14.09 and a beta of 0.96. Hecla Mining has a 1-year low of $1.21 and a 1-year high of $3.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55. The business has a 50 day moving average of $1.75 and a 200 day moving average of $2.00.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $134.17 million for the quarter, compared to analyst estimates of $150.62 million. Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. As a group, equities research analysts anticipate that Hecla Mining will post -0.15 earnings per share for the current fiscal year.

In other news, Director Catherine J. Boggs purchased 40,540 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $60,810.00. Following the purchase, the director now owns 40,540 shares of the company’s stock, valued at $60,810. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

HL has been the topic of a number of analyst reports. Cantor Fitzgerald set a $2.00 price target on Hecla Mining and gave the stock a “hold” rating in a research report on Thursday, June 6th. HC Wainwright upped their target price on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research note on Monday. ValuEngine upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Scotiabank cut Hecla Mining from a “sector perform” rating to an “underperform” rating and set a $1.00 target price for the company. in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.39.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Dividend History for Hecla Mining (NYSE:HL)

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