Hecla Mining Company (NYSE: HL) is -8.33% lower on its value in year-to-date trading and has touched a low of $1.97 and a high of $8.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HL stock was last observed hovering at around $6.06 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $6.88 for the next 12 months. It is also 46.0% off the consensus price target high of $11.00 offered by 10 analysts, but current levels are -3.3% lower than the price target low of $5.75 for the same period.
Currently trading at $5.94, the stock is -3.32% and -3.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.64 million and changing -1.98% at the moment leaves the stock 7.69% off its SMA200. HL registered 182.86% gain for a year compared to 6-month gain of 14.23%. The firm has a 50-day simple moving average (SMA 50) of $6.23 and a 200-day simple moving average (SMA200) of $5.70.
The stock witnessed a -8.33% loss in the last 1 month and extending the period to 3 months gives it a -2.30%, and is 0.85% up 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 3.65% over the week and 4.95% over the month.
Hecla Mining Company (HL) has around 1600 employees, a market worth around $3.32B and $691.90M in sales. Fwd P/E is 20.77. Profit margin for the company is -2.50%. Distance from 52-week low is 201.52% and -29.70% 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
Analyst recommendations provided by FactSet shows that the consensus forecast for Hecla Mining Company (HL) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.70, where 7 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hecla Mining Company is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $210.63M over the same period.The EPS is expected to grow by 83.90% this year, but quarterly earnings will post 23.00% year-over-year. Quarterly sales are estimated to grow 53.80% in year-over-year returns.
Hecla Mining Company (HL) Top Institutional Holders
341 institutions hold shares in Hecla Mining Company (HL), with 8.78M shares held by insiders accounting for 1.64% while institutional investors hold 63.08% of the company’s shares. The shares outstanding are 531.02M, and float is at 521.50M with Short Float at 2.58%. Institutions hold 62.05% 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 8.77% of the shares outstanding. The other top investors are Blackrock Inc. which holds 39.9 million shares representing 7.45% 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 3 insider transactions have happened at Hecla Mining Company (HL) in the last six months, with sales accounting for 2 and purchases happening 1 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).
Hecla Mining Company (HL): Who are the competitors?
The company’s main competitors (and peers) include Coeur Mining Inc. (CDE) that is trading 120.77% up over the past 12 months. Endeavour Silver Corp. (EXK) is 263.64% up on the 1-year trading charts. Short interest in the company’s stock has risen 25.75% from the last report on Mar 30, 2021 to stand at a total of 10.41 million short shares sold with a short interest ratio of 1.08.