Hecla Mining Co. (NYSE:HL) traded at $5.11 at close of the session on Friday, April 26, made an upward move of 1.19% on its previous day’s price.
Looking at the stock we see that its previous close was $5.05 . In terms of its 52-week price range, HL has a high of $6.29 and a low of $3.33. The company’s stock has gained about 13.81% over that past 30 days.
Hecla Mining Co. has a market cap of $3.19 billion. With its Forward Dividend at 0.03 and a yield of 0.49%, the company’s investors could be anxious for the HL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at $0.02 for 2024 and $0.16 for next year. These figures represent 300.00% and 700.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $188.55 million, with a low of $183 million and a high of $194.1 million. The median projection represents growth adding up to -5.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $809.73 million, or 12.40% up from figures reported last year.
On the other hand, looking at the outlook for the HL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -3.24% off its SMA20 and 14.00% from its 50-day simple moving average. The RSI (14) is pointing at 53.18 while the volatility over the past week is 4.31% and jumps to 5.34% over the past one month. The beta value is 2.19, while the average true range (ATR) is currently pointing at 0.26.
Coming back to Hecla Mining Co. (NYSE:HL), we note that the average 3-month trading volume was 8.05 million. Current shares outstanding are 599.08 million.
The insiders hold 6.36% of the company’s shares while institutions hold 59.85%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.24% up in year-to-date price movement.
