In the latest trading session, 5.45 million Hecla Mining Co. (NYSE:HL) shares changed hands as the company’s beta touched 2.01. With the company’s most recent per share price at $6.45 changed hands at -$0.22 or -3.27% at last look, the market valuation stands at $4.06B. HL’s current price is a discount, trading about -14.73% off its 52-week high of $7.40. The share price had its 52-week low at $3.33, which suggests the last value was 48.37% up since then. When we look at Hecla Mining Co.’s average trading volume, we note the 10-day average is 14.12 million shares, with the 3-month average coming to 9.72 million.
Analysts gave the Hecla Mining Co. (HL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended HL as a Hold, 5 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 0.05.
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Hecla Mining Co. (NYSE:HL) trade information
Instantly HL was in red as seen in intraday trades today. With action -8.75%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 34.19%, with the 5-day performance at -8.75% in the red. However, in the 30-day time frame, Hecla Mining Co. (NYSE:HL) is 8.80% up. Looking at the short shares, we see there were 15.85 million shares sold at short interest cover period of 1.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.25, meaning bulls need a downside of -3.2% from its recent market value. According to analyst projections, HL’s forecast low is 5 with 7.5 as the target high. To hit the forecast high, the stock’s price needs a -16.28% plunge from its current level, while the stock would need to tank 22.48% 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 better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 28.32% over the past 6 months, a 700.00% in annual growth rate that is considerably higher than the industry average of 16.90%. Year-over-year growth is forecast to reach 24.60% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 219.65M. 1 analysts are of the opinion that Hecla Mining Co.’s revenue for the current quarter will be 193.1M. The company’s revenue for the corresponding quarters a year ago was 181.91M and 160.69M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.70%. The estimates for the next quarter sales put growth at 20.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -17.47%. The 2024 estimates are for Hecla Mining Co. earnings to increase by 1031.69%.
HL Dividends
Hecla Mining Co. is expected to release its next quarterly earnings report on 2024-Nov-04. The 0.43% annual yield figure for the share gives it an annual dividend of 0.03. It is important to note, however, that the 0.43% 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. During the past 5 years, the average dividend yield was 0.47 per year.
Hecla Mining Co. (NYSE:HL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.37% of Hecla Mining Co. shares while 68.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.19%. There are 68.53% institutions holding the Hecla Mining Co. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.6528% of the shares, roughly 59.48 million HL shares worth $288.48 million.
VAN ECK ASSOCIATES CORP holds the second largest percentage of outstanding shares, with 8.5105% or 52.44 million shares worth $254.34 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard Total Stock Market Index Fund. With 28.15 shares estimated at $182.72 million under it, the former controlled 4.47% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.01% of the shares, roughly 18.93 shares worth around $122.85 million.
