Hecla Mining Co. (NYSE:HL) shares, rose in value on Friday, April 05, with the stock price up by 2.82% to the previous day’s close as strong demand from buyers drove the stock to $5.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.32. The value of beta (5-year monthly) is 2.23. Referring to stock’s 52-week performance, its high was $6.99, and the low was $3.33. On the whole, HL has fluctuated by 38.48% over the past month.
With the market capitalization of Hecla Mining Co. currently standing at about $3.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.25%. 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, which is expected to increase to $0.02 for fiscal year -$0.01 and then to about $0.12 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $182.35 million, with a low estimate of $173.7 million and a high estimate of $191 million. According to the average forecast, sales growth in current quarter could jump down -8.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $790.68 million, representing an increase of 9.80% 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% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HL currently trading nearly 22.08% and 36.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.98, while the 7-day volatility ratio is showing 6.29% which for the 30-day chart, stands at 5.07%. Furthermore, Hecla Mining Co. (HL)’s beta value is 2.20, and its average true range (ATR) is 0.23.
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 2.82% in today’s session so far, and over the past year, it shrunk by -16.65%%.
Data on historical trading for Hecla Mining Co. (NYSE:HL) indicates that the trading volumes over the past 10 days have averaged 8.44 million and over the past 3 months, they’ve averaged 6.80 million. According to company’s latest data on outstanding shares, there are 599.08 million shares outstanding.
Nearly 7.07% of Hecla Mining Co.’s shares belong to company insiders and institutional investors own 60.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.16 million shares as on Mar 15, 2024, resulting in a short ratio of 2.62. According to the data, the short interest in Hecla Mining Co. (HL) stood at 3.07% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 13.91 million. The stock has risen by 13.72% 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.
