In today’s recent session, 2.74 million shares of the Hecla Mining Co (NYSE:HL) have been traded, and its beta is 1.97. Most recently the company’s share price was $5.62, and it changed around -$0.03 or -0.44% from the last close, which brings the market valuation of the company to $3.58B. HL at last check was trading at a discount to its 52-week high of $7.68, offering almost -36.65% off that amount. The share price’s 52-week low was $3.33, which indicates that the recent value has risen by an impressive 40.75% since then. We note from Hecla Mining Co’s average daily trading volume that its 10-day average is 16.7 million shares, with the 3-month average coming to 11.82 million.
Hecla Mining Co stock received a consensus recommendation rating of Hold, based on a mean score of 1.40. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended HL as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Hecla Mining Co is expected to report earnings per share of 0.06 for the current quarter.
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Hecla Mining Co (NYSE:HL) trade information
Instantly HL has been showing red trend so far today with a performance of -0.44% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.80 on recent trading dayincreased the stock’s daily price by 3.1%. The company’s shares are currently up 16.99% year-to-date, but still up 3.02% over the last five days. On the other hand, Hecla Mining Co (NYSE:HL) is -23.78% down in the 30-day period. We can see from the shorts that 17.08 million shares have been sold at a short interest cover period of 1.59 day(s).
The consensus price target as assigned by Wall Street analysts is $6.25, which translates to bulls needing to increase their stock price by 10.08% 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 fallen -8.94 percent over the past six months and at a 700.00% annual growth rate that is well above the industry average of 34.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 247.40% in revenue this quarter, and will report an increase of 700.00% in the next quarter. The year-over-year growth rate is expected to be 28.69%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 244.24M in revenue for the current quarter. 1 analysts expect Hecla Mining Co to make 204.9M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 160.69M and 189.53M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 51.99%. Forecasts for the next quarter put sales growth at 8.11%.
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 on 2025-Feb-12. The annual dividend yield of the stock is 0.49 percent and its annual dividend per share was 0.03. It is important to note, however, that the 0.49% 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 6.30% of Hecla Mining Co shares, and 70.64% of them are in the hands of institutional investors. The stock currently has a share float of 75.38%. Hecla Mining Co stock is held by 493.0 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.
