Hecla Mining (HL) To Go Ex-Dividend on November 21st

Hecla Mining (NYSE:HL) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders 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 dividend yield of 0.91%. The ex-dividend date 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 payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hecla Mining to earn $0.14 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 42.9%.

Hecla Mining Stock Performance

Shares of Hecla Mining stock opened at $6.02 on Friday. The business’s 50 day moving average price is $6.53 and its 200 day moving average price is $5.83. The company has a market cap of $3.79 billion, a price-to-earnings ratio of -75.25 and a beta of 2.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. Hecla Mining has a one year low of $3.33 and a one year high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. Hecla Mining’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share. On average, research analysts predict that Hecla Mining will post 0.07 EPS for the current year.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now owns 173,700 shares in the company, valued at $1,175,949. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Hecla Mining in a research note on Thursday, August 8th. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, Roth Mkm reduced their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.56.

About Hecla Mining

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.