In last trading session, Hecla Mining Co. (NYSE:HL) saw 5.54 million shares changing hands with its beta currently measuring 2.18. Company’s recent per share price level of $4.23 trading at -$0.1 or -2.31% at ring of the bell on the day assigns it a market valuation of $2.64B. That closing price of HL’s stock is at a discount of -65.25% from its 52-week high price of $6.99 and is indicating a premium of 21.28% from its 52-week low price of $3.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.77 million shares which gives us an average trading volume of 6.37 million if we extend that period to 3-months.
Hecla Mining Co. (NYSE:HL) trade information
Upright in the red during last session for losing -2.31%, in the last five days HL remained trading in the red while hitting it’s week-highest on Wednesday, 03/20/24 when the stock touched $4.23 price level, adding 4.73% to its value on the day. Hecla Mining Co.’s shares saw a change of -12.06% in year-to-date performance and have moved -2.98% in past 5-day. Hecla Mining Co. (NYSE:HL) showed a performance of 19.49% in past 30-days. Number of shares sold short was 16.68 million shares which calculate 2.64 days to cover the short interests.
Hecla Mining Co. (HL) estimates and forecasts
Statistics highlight that Hecla Mining Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.07% of value to its shares in past 6 months, showing an annual growth rate of 200.00% while that of industry is 13.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -100.00% in the current quarter and calculating -100.00% decrease in the next quarter. This year revenue growth is estimated to rise 10.70% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $182.35 million for the same. And 1 analysts are in estimates of company making revenue of $205.8 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -17.47% during past 5 years.
HL Dividends
Hecla Mining Co. is more likely to be releasing its next quarterly report between May 08 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Hecla Mining Co. (NYSE:HL)’s Major holders
Insiders are in possession of 7.13% of company’s total shares while institution are holding 62.60 percent of that, with stock having share float percentage of 67.40%. Investors also watch the number of corporate investors in a company very closely, which is 62.60% institutions for Hecla Mining Co. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at HL for having 57.08 million shares of worth $293.96 million. And as of Jun 29, 2023, it was holding 9.25% of the company’s outstanding shares.
The second largest institutional holder is Van Eck Associates Corporation, which was holding about 54.91 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.90% of outstanding shares, having a total worth of $282.8 million.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 32.84 million shares of worth $128.41 million or 5.32% of the total outstanding shares. The later fund manager was in possession of 18.13 million shares on Jun 29, 2023, making its stake of worth around $93.35 million in the company or a holder of 2.94% of company’s stock.
