Hecla Mining Company (NYSE:HL) traded at $5.76 at last check on Monday, Sep 14, making an upward move of 5.69% on its previous day’s price.
Looking at the stock we see that its previous close was $5.45 and the beta (5Y monthly) reads 2.12 with the day’s price range being $5.54 – 5.79. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, HL has a high of $6.79 and a low of $1.4. The company’s stock has gained about -5.73% over that past 30 days.
Hecla has a market cap of $3.14 Billion and is expected to release its quarterly earnings report on Nov 05, 2020- Nov 09, 2020. With its Forward Dividend at 0.01 and a yield of 0.17%, the company’s investors could be anxious for the HL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.04, with the EPS growth for the year raised at $0.02 for 2020 and $0.29 for next year. These figures represent -1.15% and at 13.5% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $180.67 Million, with a low of $172Million and a high of $199.68 Million. The median projection represents growth adding up to 11.8% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $688.22 Million, or +2.2% up from figures reported last year.
On the other hand, looking at the outlook for the HL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare Hecla (HL) stock to its peers. We find that today’s price change of +5.69% and +218.23% over the past 12 months for HL betters that of Pan Amer Silver Corp (PAAS), which has seen its stock price rise 5.13% in the latest trading session and is +123.29% over the last one year. Another of its peers Compania Mina Buenaventura S.A. (BVN) has dropped 0% today, but is -10.84% down over the past year, while First Majestic Silver (AG) is also up 5.69% yet its price remains in the green at 218.23% over the same period. Pan has a P/E ratio of 3294.55 compared to Hecla’s 0 and Compania’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to Hecla Mining Company (NYSE:HL), we note that the average 3-month trading volume was 11.83 Million, while that of the preceding 10-day period stands at 9.17 Million. Current shares outstanding are 528.78 Million.
According to data from Thomson Reuters, insiders hold 1.84% of the company’s shares while institutions hold 61.99%. The data shows that short shares as of August 30, 2020, stood at 10.39 Million at a short ratio of 0.84. This represents a 1.97% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 13.09 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +69.91% up in year-to-date price movement.