In the last trading session, 4.13 million Hecla Mining Co. (NYSE:HL) shares changed hands as the company’s beta touched 2.08. With the company’s per share price at $4.61 changed hands at -$0.03 or -0.65% during last session, the market valuation stood at $2.85B. HL’s last price was a discount, traded about -51.84% off its 52-week high of $7.00. The share price had its 52-week low at $3.55, which suggests the last value was 22.99% up since then. When we look at Hecla Mining Co.’s average trading volume, we note the 10-day average is 6.31 million shares, with the 3-month average coming to 6.41 million.
Analysts gave the Hecla Mining Co. (HL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.55. 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, 3 recommended HL as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Hecla Mining Co.’s EPS for the current quarter is expected to be $Hawaiian Electric Industries, I.
Hecla Mining Co. (NYSE:HL) trade information
Instantly HL was in red as seen at the end of in last trading. With action 21.64%, the performance over the past five days has been green. The drop to weekly highs of 4.65 on Monday, 11/20/23 subtracted -0.65% to the stock’s daily price. The company’s shares are showing year-to-date downside of -17.00%, with the 5-day performance at 21.64% in the green. However, in the 30-day time frame, Hecla Mining Co. (NYSE:HL) is 8.22% up. Looking at the short shares, we see there were 19.54 million shares sold at short interest cover period of 2.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.83, meaning bulls need an upside of 20.93% from its current market value. According to analyst projections, HL’s forecast low is $4.25 with $8.75 as the target high. To hit the forecast high, the stock’s price needs a -89.8% plunge from its current level, while the stock would need to tank 7.81% for it to hit the projected low.
Hecla Mining Co. (HL) estimates and forecasts
Data shows that the Hecla Mining Co. 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 -14.89% over the past 6 months, a -180.00% in annual growth rate that is considerably lower than the industry average of 0.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.46%. The 2023 estimates are for Hecla Mining Co. earnings to decrease by -79.09%.
Hecla Mining Co. is expected to release its next quarterly earnings report between February 13 and February 19. The 0.65% annual yield figure for the share gives it an annual dividend of 0.03. It is important to note, however, that the 0.65% 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 Co. (NYSE:HL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.00% of Hecla Mining Co. 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 Co. 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 $293.96 million.
Van Eck Associates Corporation holds the second largest percentage of outstanding shares, with 8.90% or 54.91 million shares worth $282.8 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard Total Stock Market Index Fund. With 32.84 million shares estimated at $128.41 million under it, the former controlled 5.32% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.94% of the shares, roughly 18.13 million shares worth around $93.35 million.