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

Key Points

• Hecla declared a quarterly dividend of $0.0038 per share (ex-dividend and record date: March 9, payable March 24), implying an annualized yield of about 0.1%.
• The payout is tiny and well-covered, with a current dividend payout ratio of 2.9% and an expected future payout ratio of about 5.3% based on analysts' earnings forecasts.
• Analyst views are mixed: HC Wainwright raised its target to $36.50 (buy) while others range from $13 to $32, leaving a consensus “Hold” rating and an average target of $21.63.

Hecla Mining Company (NYSE:HL - Get Free Report) declared a quarterly dividend on Friday, February 13th. Stockholders of record on Monday, March 9th will be paid a dividend of 0.0038 per share by the basic materials company on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, March 9th.

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 $0.19 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 5.3%.

Hecla Mining Trading Down 1.6%

Shares of NYSE HL opened at $20.46 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $34.17. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 41.76 and a beta of 1.22. The business has a fifty day simple moving average of $23.53 and a 200-day simple moving average of $16.93.

Analysts Set New Price Targets

A number of research firms recently commented on HL. HC Wainwright raised their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a "buy" rating in a research note on Tuesday, January 27th. Roth Mkm set a $13.00 target price on Hecla Mining in a research report on Wednesday, February 18th. Zacks Research downgraded Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, February 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of Hecla Mining in a research note on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Hecla Mining from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.63.

Hecla Mining Company Profile

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.

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