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

Hecla Mining (NYSE:HLGet Rating) declared a quarterly dividend on Friday, August 5th, Wall Street Journal reports. Investors of record on Friday, August 19th will be paid a dividend of 0.0063 per share by the basic materials company on Friday, September 2nd. This represents a $0.03 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.006.

Hecla Mining has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hecla Mining to earn $0.27 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 11.1%.

Hecla Mining Price Performance

Shares of NYSE HL opened at $4.65 on Friday. Hecla Mining has a twelve month low of $3.44 and a twelve month high of $7.66. The company has a 50 day moving average of $4.27 and a 200 day moving average of $5.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.44 and a current ratio of 1.83.

Hecla Mining (NYSE:HLGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a net margin of 0.20% and a return on equity of 2.02%. The company had revenue of $191.20 million during the quarter, compared to analyst estimates of $195.50 million. During the same period in the previous year, the business earned $0.06 EPS. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis. As a group, equities research analysts predict that Hecla Mining will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HL has been the subject of a number of research reports. HC Wainwright boosted their target price on shares of Hecla Mining from $7.75 to $8.25 and gave the company a “buy” rating in a research note on Wednesday, April 13th. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Canaccord Genuity Group decreased their target price on shares of Hecla Mining from $5.00 to $3.50 in a research note on Wednesday, July 6th. Roth Capital upgraded shares of Hecla Mining from a “neutral” rating to a “buy” rating and decreased their target price for the company from $6.50 to $6.25 in a research note on Wednesday, May 11th. Finally, B. Riley cut their price objective on shares of Hecla Mining from $11.00 to $9.00 in a research report on Wednesday, May 11th.

Institutional Investors Weigh In On Hecla Mining

A number of hedge funds have recently modified their holdings of HL. Hsbc Holdings PLC boosted its holdings in Hecla Mining by 3.1% in the 1st quarter. Hsbc Holdings PLC now owns 139,284 shares of the basic materials company’s stock worth $928,000 after buying an additional 4,167 shares during the period. Forum Financial Management LP boosted its holdings in Hecla Mining by 51.1% in the 1st quarter. Forum Financial Management LP now owns 17,944 shares of the basic materials company’s stock worth $117,000 after buying an additional 6,068 shares during the period. Raymond James & Associates boosted its holdings in Hecla Mining by 35.6% in the 1st quarter. Raymond James & Associates now owns 33,867 shares of the basic materials company’s stock worth $223,000 after buying an additional 8,886 shares during the period. Envestnet Asset Management Inc. bought a new position in Hecla Mining in the 1st quarter worth $111,000. Finally, Guggenheim Capital LLC lifted its stake in Hecla Mining by 4.3% in the 1st quarter. Guggenheim Capital LLC now owns 422,129 shares of the basic materials company’s stock worth $2,773,000 after purchasing an additional 17,410 shares in the last quarter. Institutional investors own 59.78% of the company’s stock.

Hecla Mining Company Profile

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Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

See Also

Dividend History for Hecla Mining (NYSE:HL)

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