Hecla Mining (NYSE:HL) Shares Gap Up After Dividend Announcement

Shares of Hecla Mining (NYSE:HL - Get Free Report) gapped up prior to trading on Monday following a dividend announcement from the company. The stock had previously closed at $4.54, but opened at $4.78. Hecla Mining shares last traded at $4.53, with a volume of 9,007,881 shares changing hands.

The newly announced dividend which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd will be given a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.31%. Hecla Mining's dividend payout ratio (DPR) is presently 9.09%.

Analyst Ratings Changes

Several analysts recently issued reports on HL shares. TD Securities cut their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday. National Bank Financial upgraded Hecla Mining to a "hold" rating in a report on Friday, March 21st. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. BMO Capital Markets reiterated a "market perform" rating and issued a $5.50 target price (down from $7.50) on shares of Hecla Mining in a research note on Monday. Finally, Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.20.

Hecla Mining Trading Down 0.9 %

The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 97.72 and a beta of 1.57. The business has a 50-day moving average of $5.52 and a two-hundred day moving average of $5.60. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business had revenue of $261.34 million for the quarter, compared to analyst estimates of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company's revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) earnings per share. Research analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Insider Activity

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of Hecla Mining stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $84,604.94. Following the completion of the sale, the chief financial officer now owns 297,983 shares of the company's stock, valued at approximately $1,543,551.94. The trade was a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Krcmarov purchased 6,570 shares of Hecla Mining stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, the chief executive officer now directly owns 331,856 shares in the company, valued at $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 57,915 shares of company stock valued at $300,000 over the last three months. 0.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Hecla Mining by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock worth $301,440,000 after purchasing an additional 774,000 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Hecla Mining by 100.5% in the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after acquiring an additional 7,960,826 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hecla Mining by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock worth $68,289,000 after acquiring an additional 39,421 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hecla Mining by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock valued at $35,453,000 after purchasing an additional 502,094 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Hecla Mining by 5.0% during the 4th quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company's stock valued at $29,944,000 after purchasing an additional 289,865 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Hecla Mining Company Profile

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.