Hecla Mining Co. (NYSE:HL)’s traded shares stood at 2.36 million during the latest session, with the company’s beta value hitting 1.99. At the last check today, the stock’s price was $6.99, to imply a decrease of -2.37% or -$0.17 in intraday trading. The HL share’s 52-week high remains $7.68, putting it -9.87% down since that peak but still an impressive 52.36% since price per share fell to its 52-week low of $3.33. The company has a valuation of $4.40B, with an average of 10.6 million shares in intraday trading volume over the past 10 days and average of 10.23 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Hecla Mining Co. (HL), translating to a mean rating of 1.20. Of 6 analyst(s) looking at the stock, 0 analyst(s) give HL a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
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Hecla Mining Co. (NYSE:HL) trade information
After registering a -2.37% downside in the latest session, Hecla Mining Co. (HL) has traded red over the past five days. The 5-day price performance for the stock is 4.48%, and -1.13% over 30 days. With these gigs, the year-to-date price performance is 45.38%. Short interest in Hecla Mining Co. (NYSE:HL) saw shorts transact 17.56 million shares and set a 1.46 days time to cover.
The extremes give us $5 and $7.5 for target low and target high price respectively. As such, HL has been trading -7.3% off suggested target high and 28.47% from its likely low.
Hecla Mining Co. (HL) estimates and forecasts
Looking at statistics comparing Hecla Mining Co. share performance against respective industry, we note that the company has outperformed competitors. Hecla Mining Co. (HL) shares are 38.47% up over the last 6 months, with its year-to-date growth rate higher than industry average at 800.00% against 19.00%. Revenue is forecast to grow 600.00% this quarter before jumping 250.00% for the next one. The rating firms project that company’s revenue will grow 25.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 229.4M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 245.53M.Earnings reports from the last fiscal year show that sales brought in 181.91M and 160.69M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 26.10% before jumping 52.80% in the following quarter.
HL Dividends
Hecla Mining Co. has its next earnings report out on 2024-Nov-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hecla Mining Co. has a forward dividend ratio of 0.03, with the share yield ticking at 0.39% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.47%.
Hecla Mining Co. (NYSE:HL)’s Major holders
Hecla Mining Co. insiders hold 6.37% of total outstanding shares, with institutional holders owning 68.47% of the shares at 73.13% float percentage. In total, 68.47% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 59.48 million shares (or 9.6528% of shares), all amounting to roughly $288.48 million.
The next major institution holding the largest number of shares is VAN ECK ASSOCIATES CORP with 52.44 million shares, or about 8.5105% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $254.34 million.
We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Hecla Mining Co. (HL) shares. Going by data provided on Sep 30, 2024, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 28.82 shares. This is just over 4.58% of the total shares, with a market valuation of $199.3 million. Data from the same date shows that the other fund manager holds a little less at 20.31, or 3.22% of the shares, all valued at about 140.42 million.
