In the last trading session, 11.5 million shares of the Hecla Mining Co. (NYSE:HL) were traded, and its beta was 1.99. Most recently the company’s share price was $6.80, and it changed around -$0.18 or -2.58% from the last close, which brings the market valuation of the company to $4.28B. HL currently trades at a discount to its 52-week high of $7.68, offering almost -12.94% off that amount. The share price’s 52-week low was $3.33, which indicates that the current value has risen by an impressive 51.03% since then. We note from Hecla Mining Co.’s average daily trading volume that its 10-day average is 11.55 million shares, with the 3-month average coming to 10.39 million.
Hecla Mining Co. stock received a consensus recommendation rating of Hold, based on a mean score of 1.20. If we narrow it down even further, the data shows that 1 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 7 recommended HL as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Hecla Mining Co. is expected to report earnings per share of 0.05 for the current quarter.
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Hecla Mining Co. (NYSE:HL) trade information
Instantly HL has showed a red trend with a performance of -2.58% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.68 on recent trading dayincreased the stock’s daily price by 11.46%. The company’s shares are currently up 41.43% year-to-date, but still down -6.98% over the last five days. On the other hand, Hecla Mining Co. (NYSE:HL) is -5.29% down in the 30-day period. We can see from the shorts that 19.46 million shares have been sold at a short interest cover period of 1.65 day(s).
The consensus price target as assigned by Wall Street analysts is $6.25, which translates to bulls needing to decrease their stock price by -8.8% from its current value. Analyst projections state that HL is forecast to be at a low of $5 and a high of $7.5.
Hecla Mining Co. (HL) estimates and forecasts
Hecla Mining Co. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 33.13 percent over the past six months and at a 800.00% annual growth rate that is well above the industry average of 19.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 600.00% in revenue this quarter, and will report an increase of 250.00% in the next quarter. The year-over-year growth rate is expected to be 25.90%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 229.4M in revenue for the current quarter. 2 analysts expect Hecla Mining Co. to make 245.53M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 181.91M and 160.69M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.10%. Forecasts for the next quarter put sales growth at 52.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.47%.
HL Dividends
Hecla Mining Co.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 0.48 percent and its annual dividend per share was 0.03. It is important to note, however, that the 0.48% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.47 per year.
Hecla Mining Co. (NYSE:HL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.37% of Hecla Mining Co. shares, and 68.45% of them are in the hands of institutional investors. The stock currently has a share float of 73.11%. Hecla Mining Co. stock is held by 460.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6528% of the shares, which is about 59.48 million shares worth $288.48 million.
VAN ECK ASSOCIATES CORP, with 8.5105% or 52.44 million shares worth $254.34 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
