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

Hecla Mining (NYSE:HL) declared a dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.0138 per share by the basic materials company on Thursday, September 5th. The ex-dividend date is Monday, August 26th. This is a positive change from Hecla Mining’s previous dividend of $0.002.

Hecla Mining has raised its dividend by an average of 15.4% annually over the last three years. Hecla Mining has a dividend payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hecla Mining to earn $0.12 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 25.0%.

Hecla Mining Trading Down 0.8 %

NYSE:HL traded down $0.04 during trading hours on Wednesday, hitting $4.81. The company had a trading volume of 12,704,061 shares, compared to its average volume of 8,284,735. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. The stock has a 50-day moving average price of $5.43 and a 200 day moving average price of $4.88. The company has a market capitalization of $3.01 billion, a PE ratio of -32.07 and a beta of 2.01. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.35.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. The firm had revenue of $245.66 million for the quarter, compared to analyst estimates of $208.80 million. During the same quarter in the previous year, the firm posted $0.03 EPS. On average, equities research analysts predict that Hecla Mining will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on HL. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. CIBC upped their price target on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Roth Mkm raised their price objective on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. HC Wainwright reiterated a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research note on Friday, July 12th. Finally, Cibc World Mkts raised shares of Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus price target of $6.89.

Insider Buying and Selling at Hecla Mining

In other news, VP Robert Denis Brown sold 24,792 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $121,728.72. Following the completion of the sale, the vice president now owns 607,649 shares of the company’s stock, valued at approximately $2,983,556.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Russell Douglas Lawlar sold 11,679 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the sale, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Denis Brown sold 24,792 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $121,728.72. Following the completion of the sale, the vice president now directly owns 607,649 shares of the company’s stock, valued at $2,983,556.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,105 shares of company stock worth $329,486. Insiders own 1.40% of the company’s stock.

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.