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

Hecla Mining Company (NYSE:HLGet Free Report) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 26th will be given a dividend of 0.0038 per share by the basic materials company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, August 26th.

Hecla Mining has a dividend payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn $0.89 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 1.1%.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $15.44 on Wednesday. The stock’s 50-day simple moving average is $15.57 and its 200-day simple moving average is $19.08. Hecla Mining has a 52 week low of $5.86 and a 52 week high of $34.17. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 37.65 and a beta of 1.32. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HLGet Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. During the same period last year, the company earned $0.09 EPS. The business’s revenue was up 9.8% on a year-over-year basis. As a group, analysts expect that Hecla Mining will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Hecla Mining by 20.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock valued at $23,827,000 after purchasing an additional 739,360 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Hecla Mining by 24.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock valued at $10,894,000 after acquiring an additional 380,448 shares during the period. Cetera Investment Advisers grew its position in Hecla Mining by 10.9% in the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 6,450 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Hecla Mining by 71.6% during the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock worth $435,000 after purchasing an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Hecla Mining by 1.8% during the second quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock valued at $922,000 after purchasing an additional 2,793 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

(Get Free Report)

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.

Further Reading

Dividend History for Hecla Mining (NYSE:HL)

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