Hecla Mining (NYSE:HL) declared a quarterly dividend on Monday, August 5th, NASDAQ reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.002 per share by the basic materials company on Tuesday, September 3rd. This represents a $0.01 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, August 22nd.

Hecla Mining has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn ($0.03) per share next year, which means the company may not be able to cover its $0.01 annual dividend with an expected future payout ratio of -33.3%.

Shares of HL opened at $1.57 on Wednesday. The stock has a 50-day simple moving average of $1.75 and a 200-day simple moving average of $2.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.55 and a current ratio of 1.23. The stock has a market capitalization of $710.86 million, a PE ratio of -14.27 and a beta of 0.96. Hecla Mining has a 1 year low of $1.21 and a 1 year high of $3.12.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $134.17 million during the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS. Analysts predict that Hecla Mining will post -0.14 EPS for the current year.

Several equities analysts have recently issued reports on HL shares. ValuEngine upgraded Hecla Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Cantor Fitzgerald set a $2.00 price objective on Hecla Mining and gave the company a “hold” rating in a research note on Thursday, June 6th. Canaccord Genuity cut Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective for the company. in a research note on Wednesday, August 7th. Finally, HC Wainwright raised their target price on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $2.39.

In other Hecla Mining news, Director Catherine J. Boggs bought 40,540 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $1.50 per share, with a total value of $60,810.00. Following the transaction, the director now owns 40,540 shares of the company’s stock, valued at $60,810. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

About Hecla Mining

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

See Also: Analyst Ratings

Dividend History for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.