Hecla Mining Co. (NYSE:HL) price on Thursday, May 09, rose 9.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.39.
A look at the stock’s price movement, the level at last check in today’s session was $4.91. Turning to its 52-week performance, $6.22 and $3.33 were the 52-week high and 52-week low respectively. Overall, HL moved -1.97% over the past month.
Hecla Mining Co.’s market cap currently stands at around $3.37 billion. The company has a Forward Dividend ratio of 0.03, with its dividend yield at 0.46%. 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 189.53M for the company’s revenue for the quarter, with a low and high estimate of 183M and 194.1M respectively. The average forecast suggests down to a -5.00% 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 809.73M, representing a 12.40% 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% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
HL’s current price about 5.70% and 14.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.88, while 7-day volatility ratio is 3.34% and 4.46% in the 30-day chart. Further, Hecla Mining Co. (HL) has a beta value of 2.09, and an average true range (ATR) of 0.25.
If we refocus on Hecla Mining Co. (NYSE:HL), historical trading data shows that trading volumes averaged 8.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 599.08 million shares.
The 6.48% of Hecla Mining Co.’s shares are in the hands of company insiders while institutional holders own 60.60% of the company’s shares. Current price change has pushed the stock 12.09% 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.
