Hecla Mining Co (NYSE:HL) shares, rose in value on Thursday, November 21, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $5.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.63, falling within a range of $5.5909 and $5.72. The value of beta (5-year monthly) is 1.997. Referring to stock’s 52-week performance, its high was $7.68, and the low was $3.33. On the whole, HL has fluctuated by -21.02% over the past month.
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With the market capitalization of Hecla Mining Co currently standing at about $3.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.03, with its dividend yield at 0.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 926.82M, with a low estimate of 222.2M and a high estimate of 263.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 244.24M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HL’s technical picture suggests that short-term indicators denote the stock is a 50% 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 Hold.
The stock’s technical analysis shows that the price of HL currently trading nearly -6.62% and -12.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.64, while the 7-day volatility ratio is showing 4.12% which for the 30-day chart, stands at 4.49%. Furthermore, Hecla Mining Co (HL)’s beta value is 1.96, and its average true range (ATR) is 0.28.
A comparison of Hecla Mining Co (HL) with its peers suggests the former has fared considerably weaker in the market. HL showed an intraday change of 0.44% in today’s session so far, and over the past year, it grew by 20.95%%.
Data on historical trading for Hecla Mining Co (NYSE:HL) indicates that the trading volumes over the past 10 days have averaged 16.3 and over the past 3 months, they’ve averaged 11.77 million. According to company’s latest data on outstanding shares, there are 599.08 million shares outstanding.
Nearly 6.55% of Hecla Mining Co’s shares belong to company insiders and institutional investors own 67.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.08 million shares as on 2024-10-31, resulting in a short ratio of 1.59. According to the data, the short interest in Hecla Mining Co (HL) stood at 275.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 17.56 million. The stock has risen by 17.62% 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.
