Hecla Mining Co (NYSE:HL) price on current trading day, rose 0.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.11.
A look at the stock’s price movement, the level at last check in today’s session was $5.07, moving within a range at $5.06 and $5.15. The beta value (5-Year monthly) was 1.997. Turning to its 52-week performance, $7.68 and $3.33 were the 52-week high and 52-week low respectively. Overall, HL moved -5.63% over the past month.
Hecla Mining Co’s market cap currently stands at around $3.26 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 0.73%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 240.57M for the company’s revenue for the quarter, with a low and high estimate of 222.2M and 263.3M respectively. The average forecast suggests up to a 49.71% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 925.07M, representing a 28.44% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HL is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend HL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HL’s current price about -5.45% and -13.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.90, while 7-day volatility ratio is 4.27% and 3.87% in the 30-day chart. Further, Hecla Mining Co (HL) has a beta value of 1.90, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -36.99% off recent price level in today’s trading while to achieve the yearly target high, it has to move -36.99%. Nonetheless, investors will most likely welcome a -36.99% jump to $7 which is the analysts’ median price.
If we refocus on Hecla Mining Co (NYSE:HL), historical trading data shows that trading volumes averaged 10.15 over the past 10 days and 11.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 628.27 million shares.
The 6.47% of Hecla Mining Co’s shares are in the hands of company insiders while institutional holders own 67.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.91 million on 2024-11-29, giving us a short ratio of 1.43. The data shows that as of 2024-11-29 short interest in Hecla Mining Co (HL) stood at 301.0 of shares outstanding, with shares short rising to 17.08 million registered in 2024-10-31. Current price change has pushed the stock 6.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HL stock continues to rise going into the next quarter.
