Hecla Mining (NYSE:HL) Announces $0.00 Quarterly Dividend

Hecla Mining (NYSE:HL - Get Free Report) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.0038 per share by the basic materials company on Monday, March 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, March 10th.

Hecla Mining has raised its dividend by an average of 2.2% annually over the last three years. Hecla Mining has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hecla Mining to earn $0.18 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 33.3%.

Hecla Mining Stock Up 2.3 %

Hecla Mining stock traded up $0.13 during trading hours on Tuesday, hitting $5.57. The company had a trading volume of 6,774,745 shares, compared to its average volume of 16,744,844. The firm has a market capitalization of $3.50 billion, a P/E ratio of -139.63 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The firm's fifty day moving average is $5.43 and its 200-day moving average is $5.86. Hecla Mining has a fifty-two week low of $3.40 and a fifty-two week high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. On average, research analysts forecast that Hecla Mining will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday. TD Securities dropped their price target on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. National Bank Financial lowered shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Finally, HC Wainwright restated a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research note on Friday. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.25.

About Hecla Mining

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.