Hecla Mining (NYSE:HL) Declares Quarterly Dividend of $0.00

Hecla Mining (NYSE:HL) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.002 per share by the basic materials company on Tuesday, December 3rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, November 21st.

Shares of HL traded up $0.04 during midday trading on Tuesday, reaching $2.49. 237,109 shares of the stock were exchanged, compared to its average volume of 8,145,959. Hecla Mining has a 12-month low of $1.21 and a 12-month high of $3.07. The firm has a 50 day simple moving average of $2.10 and a 200-day simple moving average of $1.82. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -22.73 and a beta of 0.97.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Hecla Mining had a negative return on equity of 5.71% and a negative net margin of 19.71%. The firm had revenue of $161.50 million for the quarter, compared to analysts’ expectations of $179.40 million. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts expect that Hecla Mining will post -0.14 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. HC Wainwright raised their price target on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research note on Monday, August 19th. Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target for the company. in a research note on Wednesday, August 7th. BMO Capital Markets raised Hecla Mining from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $1.60 to $2.20 in a research note on Thursday, November 7th. Finally, B. Riley cut their price target on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a research note on Friday, October 11th. Five investment 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. The company has a consensus rating of “Hold” and an average target price of $2.10.

Hecla Mining Company Profile

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.

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Dividend History for Hecla Mining (NYSE:HL)

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