Hecla Mining Company (HL) makes -16.93% fall – What does that mean for its investors?

Hecla Mining Company (NYSE: HL) is -10.65% lower on its value in year-to-date trading and has touched a low of $1.40 and a high of $7.06 in the current 52-week trading range. The HL stock was last observed hovering at around $6.10 in the last trading session, with the day’s loss setting it -0.31%.

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Currently trading at $5.79, the stock is -6.91% and 4.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.11 million and changing -5.08% at the moment leaves the stock 28.30% off its SMA200. HL registered 84.39% gain for a year compared to 6-month gain of 31.00%. The firm has a 50-day simple moving average (SMA 50) of $5.76 and a 200-day simple moving average (SMA200) of $5.34.

The stock witnessed a 13.75% loss in the last 1 month and extending the period to 3 months gives it a 7.02%, and is -16.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.59% over the week and 5.83% over the month.

Hecla Mining Company (HL) has around 1622 employees, a market worth around $3.45B and $727.90M in sales. Fwd P/E is 22.44. Profit margin for the company is -3.60%. Distance from 52-week low is 313.57% and -18.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.50%).

Hecla Mining Company (HL) Analyst Forecasts

Hecla Mining Company quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $187.03M over the same period.The EPS is expected to shrink by -226.30% this year, but quarterly earnings will post 2.60% year-over-year. Quarterly sales are estimated to shrink -16.90% in year-over-year returns.

Hecla Mining Company (HL) Top Institutional Holders

340 institutions hold shares in Hecla Mining Company (HL), with 9.57M shares held by insiders accounting for 1.80% while institutional investors hold 62.22% of the company’s shares. The shares outstanding are 529.84M, and float is at 521.45M with Short Float at 2.37%. Institutions hold 61.09% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 51.86 million shares valued at $263.46 million. The investor’s holdings represent 9.77% of the HL Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 45.71 million shares valued at $232.21 million to account for 8.61% of the shares outstanding. The other top investors are Blackrock Inc. which holds 38.23 million shares representing 7.20% and valued at over $194.19 million, while Dimensional Fund Advisors LP holds 6.29% of the shares totaling 33.4 million with a market value of $169.65 million.

Hecla Mining Company (HL) Insider Activity

A total of 5 insider transactions have happened at Hecla Mining Company (HL) in the last six months, with sales accounting for 3 and purchases happening 2 times. The most recent transaction is an insider sale by Rogers Terry V, the company’s Director. SEC filings show that Rogers Terry V sold 45,000 shares of the company’s common stock on Jan 08 at a price of $6.25 per share for a total of $0.28 million. Following the sale, the insider now owns 48103.0 shares.

Hecla Mining Company disclosed in a document filed with the SEC on Aug 13 that Rogers Terry V (Director) sold a total of 35,000 shares of the company’s common stock. The trade occurred on Aug 13 and was made at $5.96 per share for $0.21 million. Following the transaction, the insider now directly holds 70013.0 shares of the HL stock.

Still, SEC filings show that on Aug 13, Sienko David C (VP & General Counsel) disposed off 75,000 shares at an average price of $6.01 for $0.45 million. The insider now directly holds 847,004 shares of Hecla Mining Company (HL).

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Hecla Mining Company (HL): Who are the competitors?

The company’s main competitors (and peers) include Coeur Mining Inc. (CDE) that is trading 37.63% up over the past 12 months. Endeavour Silver Corp. (EXK) is 113.81% up on the 1-year trading charts. Short interest in the company’s stock has risen 27.13% from the last report on Nov 29, 2020 to stand at a total of 10.34 million short shares sold with a short interest ratio of 1.64.

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