Home  »  Business   »  Investing In Hecla Mining Company (NYSE: HL) Stock...

Investing In Hecla Mining Company (NYSE: HL) Stock. Performance & Trends

In the latest trading session, 0.69 million Hecla Mining Company (NYSE:HL) shares changed hands as the company’s beta touched 2.10. With the company’s most recent per share price at $4.06 changed hands at -$0.13 or -3.10% at last look, the market valuation stands at $2.42B. HL’s current price is a discount, trading about -72.41% off its 52-week high of $7.00. The share price had its 52-week low at $3.41, which suggests the last value was 16.01% up since then. When we look at Hecla Mining Company’s average trading volume, we note the 10-day average is 6.71 million shares, with the 3-month average coming to 6.26 million.

Analysts gave the Hecla Mining Company (HL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended HL as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Hecla Mining Company’s EPS for the current quarter is expected to be $0.02.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.

Click here for full details and to join for free

Hecla Mining Company (NYSE:HL) trade information

Instantly HL was in red as seen in intraday trades today. With action 1.25%, the performance over the past five days has been green. The drop to weekly highs of 4.34 on Monday, 09/18/23 subtracted -3.10% to the stock’s daily price. The company’s shares are showing year-to-date downside of -26.90%, with the 5-day performance at 1.25% in the green. However, in the 30-day time frame, Hecla Mining Company (NYSE:HL) is -11.30% down. Looking at the short shares, we see there were 19.79 million shares sold at short interest cover period of 3.04 days.

The consensus price target for the stock as assigned by Wall Street analysts is $6.20, meaning bulls need an upside of 34.52% from its recent market value. According to analyst projections, HL’s forecast low is $4.00 with $9.00 as the target high. To hit the forecast high, the stock’s price needs a -121.67% plunge from its current level, while the stock would need to tank 1.48% for it to hit the projected low.

Hecla Mining Company (HL) estimates and forecasts

Data shows that the Hecla Mining Company share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -30.20% over the past 6 months, a -40.00% in annual growth rate that is considerably lower than the industry average of 17.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Hecla Mining Company will rise 200.00%, while the growth in revenue is estimated to hit -50.00% for the next quarter. Year-over-year growth is forecast to reach 6.20% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $192.9 million. 3 analysts are of the opinion that Hecla Mining Company’s revenue for the quarter ending Dec 2023 will be $200.98 million. The company’s revenue for the corresponding quarters a year ago was $146.34 million and $194.82 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.80%. The estimates for the next quarter sales put growth at 3.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.50%. The 2023 estimates are for Hecla Mining Company earnings to decrease by -206.70%.

HL Dividends

Hecla Mining Company is expected to release its next quarterly earnings report between November 07 and November 13. The 0.57% annual yield figure for the share gives it an annual dividend of 0.02. It is important to note, however, that the 0.57% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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

If we look at who the major shareholders are, we find that insiders hold 7.00% of Hecla Mining Company shares while 62.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.83%. There are 62.15% institutions holding the Hecla Mining Company stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.25% of the shares, roughly 57.08 million HL shares worth $232.89 million.

Van Eck Associates Corporation holds the second largest percentage of outstanding shares, with 8.90% or 54.91 million shares worth $224.05 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. With 32.99 million shares estimated at $134.61 million under it, the former controlled 5.34% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 2.98% of the shares, roughly 18.38 million shares worth around $74.99 million.

On Key

Related Posts