Hecla Mining Company (NYSE: HL): A Great Stock To Watch

Hecla Mining Company (NYSE:HL) shares, rose in value on Thursday, August 25, with the stock price up by 1.15% to the previous day’s close as strong demand from buyers drove the stock to $4.33.

Actively observing the price movement in the recent trading, the stock is buoying the session at $4.28, falling within a range of $4.07 and $4.30. The value of beta (5-year monthly) is 2.05 whereas the PE ratio is 2140.00 over 12-month period. Referring to stock’s 52-week performance, its high was $7.66, and the low was $3.44. On the whole, HL has fluctuated by 7.00% over the past month.

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With the market capitalization of Hecla Mining Company currently standing at about $2.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 02, 2022 – Nov 07, 2022. The company’s Forward Dividend Ratio is 0.03, with its dividend yield at 0.58%. 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 $0.01, which is expected to increase to $0.03 for fiscal year $0.06 and then to about $0.15 by fiscal year 2023. Data indicates that the EPS growth is expected to be -57.10% in 2023, while the next year’s EPS growth is forecast to be 150.00%.

Analysts have estimated the company’s revenue for the quarter at $173.99 million, with a low estimate of $165.9 million and a high estimate of $188.08 million. According to the average forecast, sales growth in current quarter could jump down -10.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $758.27 million, representing a decrease of -6.10% 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 50% Sell 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 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HL currently trading nearly -2.42% and 3.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.67, while the 7-day volatility ratio is showing 4.48% which for the 30-day chart, stands at 5.05%. Furthermore, Hecla Mining Company (HL)’s beta value is 2.03, and its average true range (ATR) is 0.23.

A comparison of Hecla Mining Company (HL) with its peers suggests the former has fared considerably weaker in the market. HL showed an intraday change of 1.15% in today’s session so far, and over the past year, it shrunk by -27.28%%. In comparison, Coeur Mining Inc. (CDE) has moved higher at 1.15% today and is down -54.61% over the past 12 months. On the other hand, the price of First Majestic Silver Corp. (AG) has risen 0.63% today. The stock, however, is off -36.49% from where it was a year ago. Additionally, there is a gain of 0.60% for Endeavour Silver Corp. (EXK) in recent trading while the stock has seen an overall depriciation of -25.11%% over the past year. The PE ratio stands at 2140.00 for Hecla Mining Company, and 3995.00 for First Majestic Silver Corp. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.01%. Meanwhile, the Dow Jones Industrial Improved by 0.47%.

Data on historical trading for Hecla Mining Company (NYSE:HL) indicates that the trading volumes over the past 10 days have averaged 4.61 million and over the past 3 months, they’ve averaged 6.64 million. According to company’s latest data on outstanding shares, there are 539.40 million shares outstanding.

Nearly 1.50% of Hecla Mining Company’s shares belong to company insiders and institutional investors own 66.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.57 million shares as on Aug 14, 2022, resulting in a short ratio of 3.14. According to the data, the short interest in Hecla Mining Company (HL) stood at 3.61% of shares outstanding as of Aug 14, 2022; the number of short shares registered in Jul 14, 2022 reached 18.19 million. The stock has fallen by -17.98% 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.

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