Hecla Mining Announces Quarterly Dividend of $0.00 (HL)

Hecla Mining (NYSE:HL) announced a quarterly dividend on Friday, November 9th, Wall Street Journal reports. Shareholders of record on Tuesday, November 20th will be paid a dividend of 0.0025 per share by the basic materials company on Monday, December 3rd. This represents a $0.01 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Monday, November 19th.

Hecla Mining has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn $0.04 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 25.0%.

HL traded down $0.02 during midday trading on Friday, hitting $2.43. The stock had a trading volume of 4,896,067 shares, compared to its average volume of 4,766,843. The firm has a market cap of $1.19 billion, a P/E ratio of 24.30, a P/E/G ratio of 155.63 and a beta of 0.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.35 and a quick ratio of 2.77. Hecla Mining has a 1 year low of $2.17 and a 1 year high of $4.63.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, November 8th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.34 million. Hecla Mining had a positive return on equity of 2.91% and a negative net margin of 1.02%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. On average, equities analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current year.

Several brokerages have issued reports on HL. HC Wainwright set a $7.00 target price on Hecla Mining and gave the stock a “buy” rating in a research note on Friday. ValuEngine raised Hecla Mining from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. BMO Capital Markets reissued a “hold” rating and set a $3.50 price objective (down previously from $4.00) on shares of Hecla Mining in a research note on Thursday, August 9th. Canaccord Genuity raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $4.61.

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About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Dividend History for Hecla Mining (NYSE:HL)

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