Hecla Mining (NYSE:HL – Get Free Report) announced a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Investors of record on Thursday, August 24th will be paid a dividend of 0.0063 per share by the basic materials company on Thursday, September 7th. This represents a $0.03 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Hecla Mining has increased its dividend payment by an average of 31.0% per year over the last three years and has increased its dividend every year for the last 1 years. Hecla Mining has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 20.0%.
Hecla Mining Trading Down 8.9 %
NYSE:HL opened at $4.68 on Thursday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -52.00 and a beta of 2.04. The business’s 50-day moving average price is $5.42 and its two-hundred day moving average price is $5.67. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. Hecla Mining has a 1-year low of $3.41 and a 1-year high of $7.00.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of HL. Macquarie Group Ltd. grew its holdings in Hecla Mining by 28.9% during the 2nd quarter. Macquarie Group Ltd. now owns 23,797 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 5,342 shares during the last quarter. Creative Planning acquired a new stake in Hecla Mining in the fourth quarter valued at $92,000. Private Advisor Group LLC bought a new position in Hecla Mining during the 1st quarter worth $91,000. WINTON GROUP Ltd acquired a new position in Hecla Mining during the 1st quarter worth about $77,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Hecla Mining by 13.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,026 shares of the basic materials company’s stock valued at $75,000 after buying an additional 2,200 shares during the last quarter. 59.30% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HL. Roth Capital cut shares of Hecla Mining from a “buy” rating to a “neutral” rating in a report on Friday, April 14th. National Bankshares set a $7.50 price objective on Hecla Mining and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Cantor Fitzgerald cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Roth Mkm cut shares of Hecla Mining from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $5.50 to $6.25 in a research report on Friday, April 14th. Finally, 58.com reaffirmed a “downgrade” rating on shares of Hecla Mining in a report on Friday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.93.
Check Out Our Latest Report on Hecla Mining
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors; and doré containing silver and gold.
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