Hecla Mining Company (NYSE:HL) shares, rose in value on Friday, May 13, with the stock price up by 7.86% to the previous day’s close as strong demand from buyers drove the stock to $4.53.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.20, falling within a range of $4.07 and $4.335. The value of beta (5-year monthly) is 2.17 whereas the PE ratio is 65.62 over 12-month period. Referring to stock’s 52-week performance, its high was $9.42, and the low was $4.07. On the whole, HL has fluctuated by -39.74% over the past month.
With the market capitalization of Hecla Mining Company currently standing at about $2.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 16, 2022 – Feb 21, 2022. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 0.83%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.02, which is expected to increase to $0.08 for fiscal year $0.11 and then to about $0.2 by fiscal year 2022. Data indicates that the EPS growth is expected to be 175.00% in 2022, while the next year’s EPS growth is forecast to be 81.80%.
Analysts have estimated the company’s revenue for the quarter at $192.69 million, with a low estimate of $177.9 million and a high estimate of $211.33 million. According to the average forecast, sales growth in current quarter could jump up 2.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $818.91 million, representing an increase of 18.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 75% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HL currently trading nearly -18.17% and -27.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.96, while the 7-day volatility ratio is showing 7.03% which for the 30-day chart, stands at 5.92%. Furthermore, Hecla Mining Company (HL)’s beta value is 2.08, and its average true range (ATR) is 0.34.
A comparison of Hecla Mining Company (HL) with its peers suggests the former has fared considerably weaker in the market. HL showed an intraday change of 7.86% in today’s session so far, and over the past year, it shrunk by -40.92%%. In comparison, Coeur Mining Inc. (CDE) has moved higher at 8.71% today and is down -64.61% over the past 12 months. On the other hand, the price of First Majestic Silver Corp. (AG) has risen 10.03% today. The stock, however, is off -51.75% from where it was a year ago. Additionally, there is a gain of 11.31% for Endeavour Silver Corp. (EXK) in recent trading while the stock has seen an overall depriciation of -43.93%% over the past year. The PE ratio stands at 65.62 for Hecla Mining Company, and 53.07 for First Majestic Silver Corp. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.25%. Meanwhile, the Dow Jones Industrial Improved by 1.50%.
Data on historical trading for Hecla Mining Company (NYSE:HL) indicates that the trading volumes over the past 10 days have averaged 9.59 million and over the past 3 months, they’ve averaged 10.01 million. According to company’s latest data on outstanding shares, there are 538.14 million shares outstanding.
Nearly 1.20% of Hecla Mining Company’s shares belong to company insiders and institutional investors own 64.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.4 million shares as on Dec 14, 2021, resulting in a short ratio of 1.58. According to the data, the short interest in Hecla Mining Company (HL) stood at 1.93% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 6.6 million. The stock has fallen by -19.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HL stock heading into the next quarter.