The trading price of Hecla Mining Company (NYSE:HL) closed higher on Tuesday, Apr 06, closing at $5.89, 4.58% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.00 and $6.28. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.27. In examining the 52-week price action we see that the stock hit a 52-week high of $8.45 and a 52-week low of $1.74. Over the past month, the stock has gained 4.58% in value.
Hecla Mining Company, whose market valuation is $3.16 Billion at the time of this writing, is expected to release its quarterly earnings report May 05, 2021- May 10, 2021. The dividend yield on the company stock is 0.65, while its Forward Dividend ratio is 0.04. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.05 per share this quarter, however they have predicted annual earnings per share of $0.24 for 2021 and $0.29 for 2022. It means analysts are expecting annual earnings per share growth of 5% this year and 0.21% next year.
Analysts have forecast the company to bring in revenue of $211.17 Million for the quarter, with the likely lows of $205.8 Million and highs of $216.37 Million. The average estimate suggests sales will likely up by 54.2% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $833.99 Million. The company’s revenue is forecast to grow by +20.5% over what it did in 2020.
On the technical side, indicators suggest HL has a 75% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
To see how Hecla Mining Company stock has been performing in comparison to its peers in the industry, here are the numbers: HL stock’s performance was +4.58% in the latest trading, and +262.35% in the past year, while Pan Amer Silver Corp (PAAS) has traded +4.02% on the day and positioned +117.27% higher than it was a year ago. Another comparable company First Majestic Silver (AG) saw its stock close 4.5% higher in the most recent trading session but was up +180.17% in a year. Furthermore, Compania Mina Buenaventura S.A. (BVN) showed an increase of 4.58% on the day while its price kept rising at 262.35% over the past year. Hecla Mining Company has a P/E ratio of 0, compared to Pan Amer Silver Corp’s 38.57 and First Majestic Silver’s 156.94. Also in last trading session, the S&P 500 Index has soared -0.1%, while the Dow Jones Industrial also saw a negative seesion, down -0.29% on the day.
An evaluation of the daily trading volume of Hecla Mining Company (NYSE:HL) indicates that the 3-month average is 11.57 Million. However, this figure has increased over the past 10 days to an average of 7.16 Million.
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Currently, records show that 535.33 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 1.71% of outstanding shares, whereas institutions hold 61.44%. The stats also highlight that short interest as of March 14, 2021, stood at 13.47 Million shares, resulting in a short ratio of 1.21 at that time. From this, we can conclude that short interest is 2.52% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 14.61 Million. However, since the stock’s price has seen -4.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.