Hecla Mining Company (HL) To Go Ex-Dividend on November 24th

Hecla Mining Company (NYSE:HL) announced a quarterly dividend on Monday, November 3rd. Shareholders of record on Monday, November 24th will be given a dividend of 0.0038 per share by the basic materials company on Monday, December 8th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, November 24th.

Hecla Mining has raised its dividend by an average of 0.3%annually over the last three years. Hecla Mining has a payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Research 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 Up 1.1%

NYSE HL opened at $13.36 on Friday. Hecla Mining has a 12-month low of $4.46 and a 12-month high of $16.09. The company has a fifty day simple moving average of $12.87 and a two-hundred day simple moving average of $8.73. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The stock has a market cap of $8.95 billion, a P/E ratio of 83.51 and a beta of 1.29.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The firm had revenue of $409.54 million for the quarter, compared to the consensus estimate of $315.60 million. During the same period in the prior year, the firm earned $0.03 EPS. The firm’s revenue was up 67.1% on a year-over-year basis. On average, analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the sale, the vice president owned 73,200 shares of the company’s stock, valued at $826,428. This trade represents a 16.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell Douglas Lawlar sold 18,535 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.02, for a total transaction of $278,395.70. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 181,379 shares of company stock worth $2,667,365. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors have recently modified their holdings of HL. Transce3nd LLC purchased a new position in shares of Hecla Mining in the 2nd quarter valued at about $25,000. USA Financial Formulas purchased a new stake in shares of Hecla Mining in the third quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in shares of Hecla Mining by 2,390.0% during the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after buying an additional 2,390 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after buying an additional 4,425 shares during the period. Finally, MAI Capital Management purchased a new position in shares of Hecla Mining during the 3rd quarter valued at approximately $39,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.