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Hecla Mining Company (NYSE: HL) Stock: Does It Have The Potential To Rise?

In the last trading session, 5.5 million shares of the Hecla Mining Company (NYSE:HL) were traded, and its beta was 2.05. Most recently the company’s…

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This article was originally published by The Marketing Sentinal

In the last trading session, 5.5 million shares of the Hecla Mining Company (NYSE:HL) were traded, and its beta was 2.05. Most recently the company’s share price was $4.49, and it changed around -$0.04 or -0.88% from the last close, which brings the market valuation of the company to $2.29B. HL currently trades at a discount to its 52-week high of $7.66, offering almost -70.6% off that amount. The share price’s 52-week low was $3.44, which indicates that the current value has risen by an impressive 23.39% since then. We note from Hecla Mining Company’s average daily trading volume that its 10-day average is 7.21 million shares, with the 3-month average coming to 7.50 million.

Hecla Mining Company stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended HL as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Hecla Mining Company is expected to report earnings per share of $0.03 for the current quarter.

Hecla Mining Company (NYSE:HL) trade information

Instantly HL has showed a red trend with a performance of -0.88% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.59 on Monday, 08/01/22 increased the stock’s daily price by 2.18%. The company’s shares are currently down -13.95% year-to-date, but still up 10.59% over the last five days. On the other hand, Hecla Mining Company (NYSE:HL) is 14.54% up in the 30-day period. We can see from the shorts that 11.04 million shares have been sold at a short interest cover period of 1.34 day(s).

The consensus price target as assigned by Wall Street analysts is $6.17, which translates to bulls needing to increase their stock price by 27.23% from its current value. Analyst projections state that HL is forecast to be at a low of $3.75 and a high of $9.00. In order for the stock price to hit the forecast high, the stock would need to plunge -100.45% from its current level, while the stock would need to crash 16.48% from its current level to reach the projected low.

Hecla Mining Company (HL) estimates and forecasts

Hecla Mining Company share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.04 percent over the past six months and at a -71.43% annual growth rate that is well below the industry average of -13.20%. The year-over-year growth rate is expected to be -8.40%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $191.29 million in revenue for the current quarter. 3 analysts expect Hecla Mining Company to make $197.79 million in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $219.29 million and $193.56 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.80%. Forecasts for the next quarter put sales growth at 2.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.80%.

HL Dividends

Hecla Mining Company’s next quarterly earnings report is expected to be released around February 16 and February 21. The annual dividend yield of the stock is 0.67 percent and its annual dividend per share was 0.03. It is important to note, however, that the 0.67% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Hecla Mining Company (NYSE:HL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.59% of Hecla Mining Company shares, and 66.50% of them are in the hands of institutional investors. The stock currently has a share float of 67.58%. Hecla Mining Company stock is held by 400 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2021, it held 9.42% of the shares, which is about 50.77 million shares worth $265.01 million.

Van Eck Associates Corporation, with 9.36% or 50.45 million shares worth $331.47 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Dec 30, 2021. The former held 24.03 million shares worth $125.44 million, making up 4.46% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 19.19 million shares worth around $110.55 million, which represents about 3.56% of the total shares outstanding.





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