Hecla Mining Company (HL) Looks Ready for Growth Despite 0.31% Change This Year

Hecla Mining Company (NYSE: HL) is 0.31% higher on its value in year-to-date trading and has touched a low of $1.44 and a high of $8.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HL stock was last observed hovering at around $6.64 in the last trading session, with the day’s loss setting it -0.14%.

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Currently trading at $6.50, the stock is 1.26% and 6.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.86 million and changing -2.11% at the moment leaves the stock 22.60% off its SMA200. HL registered 265.17% gain for a year compared to 6-month loss of 12.65%. The firm has a 50-day simple moving average (SMA 50) of $6.32 and a 200-day simple moving average (SMA200) of $5.66.

The stock witnessed a 14.84% gain in the last 1 month and extending the period to 3 months gives it a 11.68%, and is 0.00% 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 5.42% over the week and 7.23% over the month.

Hecla Mining Company (HL) has around 1600 employees, a market worth around $3.55B and $691.90M in sales. Fwd P/E is 23.99. Profit margin for the company is -2.50%. Distance from 52-week low is 351.39% and -23.08% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).

Hecla Mining Company (HL) Analyst Forecasts

Hecla Mining Company quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $211.17M over the same period.The EPS is expected to grow by 83.90% this year, but quarterly earnings will post 20.50% year-over-year. Quarterly sales are estimated to grow 54.20% in year-over-year returns.

Hecla Mining Company (HL) Top Institutional Holders

340 institutions hold shares in Hecla Mining Company (HL), with 9.64M shares held by insiders accounting for 1.80% while institutional investors hold 62.22% of the company’s shares. The shares outstanding are 531.02M, and float is at 521.50M with Short Float at 2.69%. Institutions hold 61.09% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 54.44 million shares valued at $352.77 million. The investor’s holdings represent 10.17% of the HL Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 46.96 million shares valued at $304.33 million to account for 8.78% of the shares outstanding. The other top investors are Blackrock Inc. which holds 39.9 million shares representing 7.46% and valued at over $258.55 million, while Dimensional Fund Advisors LP holds 6.30% of the shares totaling 33.7 million with a market value of $218.4 million.

Hecla Mining Company (HL) Insider Activity

A total of 4 insider transactions have happened at Hecla Mining Company (HL) in the last six months, with sales accounting for 2 and purchases happening 2 times. The most recent transaction is an insider sale by BAKER PHILLIPS S JR, the company’s President & CEO. SEC filings show that BAKER PHILLIPS S JR sold 400,000 shares of the company’s common stock on Feb 24 at a price of $7.33 per share for a total of $2.93 million. Following the sale, the insider now owns 5.54 million shares.

Hecla Mining Company disclosed in a document filed with the SEC on Jan 08 that Rogers Terry V (Director) sold a total of 45,000 shares of the company’s common stock. The trade occurred on Jan 08 and was made at $6.25 per share for $0.28 million. Following the transaction, the insider now directly holds 48103.0 shares of the HL stock.

Still, SEC filings show that on Aug 13, Rogers Terry V (Director) disposed off 35,000 shares at an average price of $5.96 for $0.21 million. The insider now directly holds 70,013 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 209.32% up over the past 12 months and First Majestic Silver Corp. (AG) that is 200.00% higher over the same period. Endeavour Silver Corp. (EXK) is 337.40% up on the 1-year trading charts. Short interest in the company’s stock has fallen -5.35% from the last report on Jan 28, 2021 to stand at a total of 14.77 million short shares sold with a short interest ratio of 0.97.

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