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

Hecla Mining (NYSE:HL) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.006 per share by the basic materials company on Tuesday, June 11th. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 23rd.

Hecla Mining has increased its dividend payment by an average of 15.4% per year over the last three years and has raised its dividend every year for the last 1 years.

Hecla Mining Trading Down 0.4 %

Shares of HL stock traded down $0.02 during trading hours on Friday, hitting $5.45. 5,600,452 shares of the company were exchanged, compared to its average volume of 7,862,395. The firm has a market cap of $3.36 billion, a PE ratio of -36.33 and a beta of 2.21. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $6.23. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $4.79 and a 200 day moving average of $4.44.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The company’s revenue was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. Analysts expect that Hecla Mining will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

HL has been the subject of a number of research analyst reports. Roth Mkm increased their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research report on Thursday. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research note on Thursday. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.89.

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.