Hecla Mining Co. (NYSE: HL) is -10.40% lower on its value in year-to-date trading and has touched a low of $3.33 and a high of $6.99 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 $4.06 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $4.31, the stock is 17.68% and 9.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.47 million and changing 6.16% at the moment leaves the stock -4.66% off its SMA200. HL registered -15.89% loss for a year compared to 6-month loss of 7.81%. The firm has a 50-day simple moving average (SMA 50) of $4.51 and a 200-day simple moving average (SMA200) of $26.22.
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The stock witnessed a 21.07% gain in the last 1 month and extending the period to 3 months gives it a -10.02%, and is 10.23% 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 4.96% over the week and 4.47% over the month.
Hecla Mining Co. (HL) has around 1775 employees, a market worth around $2.69B and $720.23M in sales. Fwd P/E is 35.75. Profit margin for the company is -11.77%. Distance from 52-week low is 29.43% and -38.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.22%).
Hecla Mining Co. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $182.35M over the same period.The EPS is expected to grow by 169.56% this year, but quarterly earnings will post 10.70% year-over-year. Quarterly sales are estimated to shrink -8.60% in year-over-year returns.
Hecla Mining Co. (HL) Top Institutional Holders
402 institutions hold shares in Hecla Mining Co. (HL), with institutional investors hold 67.38% of the company’s shares. The shares outstanding are 599.08M, and float is at 580.73M with Short Float at 2.40%. Institutions hold 62.60% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 57.08 million shares valued at $293.96 million. The investor’s holdings represent 9.25% of the HL Shares outstanding. As of Jun 29, 2023, the second largest holder is Van Eck Associates Corporation with 54.91 million shares valued at $282.8 million to account for 8.90% of the shares outstanding. The other top investors are Blackrock Inc. which holds 44.92 million shares representing 7.28% and valued at over $231.36 million, while Dimensional Fund Advisors LP holds 5.67% of the shares totaling 34.99 million with a market value of $180.21 million.
Hecla Mining Co. (HL) Insider Activity
The most recent transaction is an insider purchase by Johnson George R,the company’sDirector. SEC filings show that Johnson George R bought 8,500 shares of the company’s common stock on Aug 22 ’23 at a price of $4.07 per share for a total of $34585.0. Following the purchase, the insider now owns 25773.0 shares.
