Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces 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. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine situated in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine situated in the city of Durango, Mexico. The company also holds 100% interests in the Fire Creek mine located in Lander County, Nevada; and the Hollister and Midas mines situated in Elko County, Nevada. Hecla Mining Company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.
Hecla Mining Stock Down 3.2 %
Shares of Hecla Mining stock traded down $0.15 during trading on Monday, reaching $4.47. The stock had a trading volume of 4,054,265 shares, compared to its average volume of 8,225,100. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -22.35 and a beta of 2.05. The stock has a fifty day moving average price of $4.23 and a two-hundred day moving average price of $5.24. Hecla Mining has a 52 week low of $3.44 and a 52 week high of $7.66. The company has a current ratio of 2.04, a quick ratio of 1.56 and a debt-to-equity ratio of 0.30.
Hecla Mining (NYSE:HL - Get Rating) last released its earnings results on Thursday, August 4th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $191.20 million for the quarter, compared to the consensus estimate of $195.50 million. Hecla Mining had a return on equity of 2.01% and a net margin of 0.20%. Hecla Mining's quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. Sell-side analysts predict that Hecla Mining will post 0.02 EPS for the current fiscal year.
Hecla Mining Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a $0.0063 dividend. This is an increase from Hecla Mining's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.03 annualized dividend and a dividend yield of 0.56%. Hecla Mining's dividend payout ratio is presently -15.00%.
Wall Street Analyst Weigh In
Several research firms have weighed in on HL. Canaccord Genuity Group reduced their target price on Hecla Mining from $5.00 to $3.50 in a report on Wednesday, July 6th. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Friday, July 22nd. B. Riley cut their price target on Hecla Mining from $11.00 to $9.00 in a report on Wednesday, May 11th. Finally, Roth Capital upgraded Hecla Mining from a "neutral" rating to a "buy" rating and cut their price target for the company from $6.50 to $6.25 in a report on Wednesday, May 11th.