Why should you add Hecla Mining Company (HL) to your portfolio? – Marketing Sentinel

Why should you add Hecla Mining Company (HL) to your portfolio?

Hecla Mining Company (NYSE:HL) has a beta value of 2.28 and has seen 7,270,231 shares traded in the recent trading session. The company, currently valued at $3.45 Billion, closed the recent trade at $6.4 per share which meant it gained $0.49 on the day or 8.35% during that session. The HL stock price is -32.03% off its 52-week high price of $8.45 and 72.81% above the 52-week low of $1.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.16 Million shares traded. The 3-month trading volume is 11.57 Million shares.

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Hecla Mining Company (NYSE:HL) trade information

Sporting 8.35% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the HL stock price touched $6.56-2 or saw a rise of 2.29%. Year-to-date, Hecla Mining Company shares have moved -1.08%, while the 5-day performance has seen it change -0.47%. Over the past 30 days, the shares of Hecla Mining Company (NYSE:HL) have changed 8.09%. Short interest in the company has seen 9.92 Million shares shorted with days to cover at 0.86.

Hecla Mining Company (HL) estimates and forecasts

Figures show that Hecla Mining Company shares have outperformed across the wider relevant industry. The company’s shares have gained +27.65% over the past 6 months, with this year growth rate of 400%, compared to 34.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 233.3% and 400% for the next quarter. Revenue growth from the last financial year stood is estimated to be +23%.

4 analysts offering their estimates for the company have set an average revenue estimate of $209.04 Million for the current quarter. 3 have an estimated revenue figure of $215.34 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $136.93 Million and $149.29 Million respectively for this quarter and the next, and analysts expect sales will grow by 52.7% for the current quarter and 44.2% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +32.5% over the past 5 years. Earnings growth for 2021 is a modest +83.9%.

HL Dividends

Hecla Mining Company is expected to release its next earnings report between May 06 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.59%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.31%.

Hecla Mining Company (NYSE:HL)’s Major holders

Insiders own 1.64% of the company shares, while shares held by institutions stand at 61.75% with a share float percentage of 62.78%. Investors are also buoyed by the number of investors in a company, with Hecla Mining Company having a total of 346 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 54.44 Million shares worth more than $352.77 Million. As of December 30, 2020, Van Eck Associates Corporation held 10.17% of shares outstanding.


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The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 46.96 Million shares as of December 30, 2020. The firm’s total holdings are worth over $304.33 Million and represent 8.77% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 4.9% shares in the company for having 26226124 shares of worth $149.23 Million while later fund manager owns 20.64 Million shares of worth $117.44 Million as of March 30, 2021, which makes it owner of about 3.86% of company’s outstanding stock.

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