The Hecla Mining Company (NYSE:HL) is going up by 3.00% in today’s trading session, a rise equivalent to 0.07% of the stock’s price from yesterday’s market close. A news came out on 11/07/19 stating that Hecla Reports Third Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $2.32, while the peak of the day was recorded at a share price of $2.405. HL finished the previous session at $2.33 according to the data provided by Barchart, while the trading volume was observed to be $2947888.
In the 100 days of trading, HL managed to top a 1.95% Moving average. Additionally, Hecla Mining Company shares have achieved a 52-week range between 1.21 and 3.07 alongside 100 days raw stochastic set at 86.96%.
The number of shares outstanding, according to the fundamentals of the company, is set at 516.46M, equal to the value of $1.20B in market capitalization. In the last 30 days, Hecla Mining Company shares went down by -5.93%, adding 2.53 to growth in value, on top of a +16.67% boost since 10/25/19.
Hecla Mining Company (NYSE:HL) Analyst’s Estimates
Hecla Mining Company (HL) could record at least $0.01 per share in quarterly earnings in the upcoming report on 02/19/2020, a number that would actually represent an increase of 0.04 YOY.
According to the average analyst rating, Hecla Mining Company would be rated as Hold. Out of 10 different analysts monitoring HL stock, 3 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that HL is an OVERWEIGHT, 4 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 08, 2019, the stock earned a Upgrade rating due to a new analyst call from BMO Capital Markets, while analysts from JP Morgan believe that the stock is set at Neutral from Overweight, as concluded on May 10, 2019. Cantor Fitzgerald, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on May 10, 2019.
Regardless of the rating, B. Riley FBR did increase their price to $3 as they are considering target share price analysis. RBC Capital Mkts, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on January 17, 2019, giving the stock a Underperform from the Sector Perform rating.
HL Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +4.21% has been attained, while the operating margin has been recorded at -3.45%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -1.05%. Beta value of the stock is recorded at 0.99. Additionally, Hecla Mining Company is recording price volatility of 4.12% for the period of the last seven days and 5.49% in the last 30 days.
Hecla Mining Company (NYSE:HL) Technical Outlook
For the period of the last 50 days, Hecla Mining Company had its Raw Stochastic average set at 81.01% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 68.75%. Stochastic %K for Hecla Mining Company, with the last 20 days included, was set at 65.20%, having Stochastic %D topping 72.58%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Hecla Mining Company stocks with recording -1.27% in metrics.
Hecla Mining Company Insider Watch:
Similarly, 66.61% of the company’s float is held by institutions – and there are 274 institutions in total holding shares of this company. The top three institutional holders of HL stocks are: Van Eck Associates Corporation with ownership of $91.25 million, which is approximately 51844412 of the company’s shares; Vanguard Group, Inc. (The), holding 44390110 shares of the stock with an approximate value of $78.13 million; and Blackrock Inc., currently with more than 35974935 shares of the company valued at $63.32 million. Positions in Hecla Mining Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 10 insider purchases amounting to 1076395 shares.