Hecla Mining Company (hl) to Issue Dividend of $0.00
Hecla Mining Company (NYSE:hl) announced a dividend on Monday, May 8th, NASDAQ reports. Shareholders of record on Wednesday, May 24th will be paid a dividend of 0.002 per share by the basic materials company on Friday, June 2nd. The ex-dividend date is Monday, May 22nd.
Hecla Mining Company has a payout ratio of 5.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hecla Mining Company to earn $0.21 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 4.8%.
Shares of Hecla Mining Company (HL) traded up 0.20% during mid-day trading on Friday, reaching $5.06. 31,313,565 shares of the company’s stock traded hands. The firm’s 50-day moving average is $5.65 and its 200 day moving average is $5.71. Hecla Mining Company has a one year low of $4.35 and a one year high of $7.64. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 20.49 and a beta of 0.47.
Hecla Mining Company (NYSE:HL) last announced its quarterly earnings results on Monday, May 8th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $142.50 million for the quarter, compared to analyst estimates of $160.24 million. Hecla Mining Company had a net margin of 14.75% and a return on equity of 5.45%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. Analysts predict that Hecla Mining Company will post $0.18 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Hecla Mining Company from a “hold” rating to a “sell” rating in a report on Friday. TheStreet raised Hecla Mining Company from a “c+” rating to a “b” rating in a report on Monday. Royal Bank of Canada reissued a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining Company in a report on Tuesday, May 30th. BMO Capital Markets raised Hecla Mining Company from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $5.00 to $6.50 in a report on Friday, February 24th. Finally, Zacks Investment Research raised Hecla Mining Company from a “sell” rating to a “hold” rating in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Hecla Mining Company has an average rating of “Hold” and an average price target of $6.62.
In related news, Director Anthony P. Taylor sold 30,000 shares of the stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $6.09, for a total transaction of $182,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Hecla Mining Company stock. Teachers Advisors LLC raised its position in shares of Hecla Mining Company (NYSE:HL) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 669,768 shares of the basic materials company’s stock after buying an additional 29,344 shares during the period. Teachers Advisors LLC owned 0.17% of Hecla Mining Company worth $3,543,000 as of its most recent SEC filing. 57.41% of the stock is owned by institutional investors.
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About Hecla Mining Company
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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