Hecla Mining Company (NYSE:HL) has a beta value of 2.01 and has seen 2.1 million shares traded in the recent trading session. The company, currently valued at $3.79B, closed the recent trade at $6.27 per share which meant it lost -$0.07 on the day or -1.10% during that session. The HL stock price is -22.17% off its 52-week high price of $7.66 and 45.61% above the 52-week low of $3.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.99 million shares traded. The 3-month trading volume is 9.07 million shares.
The consensus among analysts is that Hecla Mining Company (HL) is an Overweight stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 10 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
Hecla Mining Company (NYSE:HL) trade information
Sporting -1.10% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the HL stock price touched $6.27 or saw a rise of 1.42%. Year-to-date, Hecla Mining Company shares have moved 14.03%, while the 5-day performance has seen it change 1.77%. Over the past 30 days, the shares of Hecla Mining Company (NYSE:HL) have changed 13.82%. Short interest in the company has seen 17.7 million shares shorted with days to cover at 2.06.
Wall Street analysts have a consensus price target for the stock at $6.23, which means that the shares’ value could drop -0.64% from the levels at last check today. The projected low price target is $5.00 while the price target rests at a high of $7.25. In that case, then, we find that the latest price level in today’s session is -15.63% off the targeted high while a plunge would see the stock lose 20.26% from the levels at last check today.
Hecla Mining Company (HL) estimates and forecasts
Figures show that Hecla Mining Company shares have underperformed across the wider relevant industry. The company’s shares have gained 65.97% over the past 6 months, with this year growth rate of -107.14%, compared to -23.90% for the industry. Revenue growth from the last financial year stood is estimated to be -6.50%.
4 analysts offering their estimates for the company have set an average revenue estimate of $171.57 million for the current quarter. 3 have an estimated revenue figure of $174.15 million for the next quarter concluding in Dec 2022. Year-ago sales stood $193.56 million and $185.08 million respectively for this quarter and the next, and analysts expect sales will shrink by -11.40% for the current quarter and -5.90% 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 -16.80% over the past 5 years.
Hecla Mining Company is expected to release its next earnings report between February 20 and February 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.02 at a share yield of 0.36%. The company’s dividend yield has gone up over the past 12 months.
Hecla Mining Company (NYSE:HL)’s Major holders
Insiders own 7.81% of the company shares, while shares held by institutions stand at 63.38% with a share float percentage of 68.75%. Investors are also buoyed by the number of investors in a company, with Hecla Mining Company having a total of 403 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 52.38 million shares worth more than $205.32 million. As of Jun 29, 2022, Van Eck Associates Corporation held 8.80% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 51.54 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $202.03 million and represent 8.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF. As of Sep 29, 2022, the former fund manager holds about 5.13% shares in the company for having 30.57 million shares of worth $120.43 million while later fund manager owns 16.14 million shares of worth $63.61 million as of Sep 29, 2022, which makes it owner of about 2.71% of company’s outstanding stock.