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.
Wall Street Analysts Forecast Growth
HL has been the topic of several research analyst reports. Canaccord Genuity Group decreased their target price on Hecla Mining from $5.00 to $3.50 in a report on Wednesday, July 6th. B. Riley decreased their target price on Hecla Mining from $11.00 to $9.00 in a report on Wednesday, May 11th. Roth Capital upgraded Hecla Mining from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $6.50 to $6.25 in a report on Wednesday, May 11th. Finally, StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Friday, July 22nd.
Hecla Mining Stock Performance
Hecla Mining stock opened at $4.31 on Friday. The business's 50-day simple moving average is $4.21 and its 200 day simple moving average is $5.23. Hecla Mining has a 12-month low of $3.44 and a 12-month 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 posted its quarterly earnings results on Thursday, August 4th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Hecla Mining had a return on equity of 2.01% and a net margin of 0.20%. The business had revenue of $191.20 million for the quarter, compared to analysts' expectations of $195.50 million. During the same quarter last year, the business earned $0.06 earnings per share. The firm's quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities analysts predict that Hecla Mining will post 0.02 EPS for the current fiscal year.
Hecla Mining Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be paid a $0.0063 dividend. This is a positive change 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 yield of 0.58%. Hecla Mining's dividend payout ratio is presently -15.00%.