Hecla Mining (NYSE:HL) to Issue $0.01 Quarterly Dividend

Hecla Mining (NYSE:HL) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders 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 dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 23rd.

Hecla Mining has raised its dividend by an average of 15.4% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Hecla Mining Price Performance

Shares of Hecla Mining stock traded down $0.02 during trading on Friday, reaching $5.45. The company’s stock had a trading volume of 4,712,798 shares, compared to its average volume of 7,850,795. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $6.23. The company has a market capitalization of $3.36 billion, a P/E ratio of -36.53 and a beta of 2.21. The business has a 50 day moving average price of $4.79 and a 200-day moving average price of $4.44.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was down 17.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hecla Mining will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

HL has been the subject of several analyst reports. StockNews.com upgraded Hecla Mining to a “sell” rating in a research note on Thursday. Roth Mkm upped their target price on 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 restated a “buy” rating and set a $10.25 price target on shares of Hecla Mining 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Hecla Mining presently has an average rating of “Moderate Buy” and an average price target 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.