A better buy-in window may exist right now for Hecla Mining Company (HL)

Hecla Mining Company (NYSE: HL) stock jumped 1.66% on Tuesday to $5.51 against a previous-day closing price of $5.42. With 6.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.12 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $5.55 whereas the lowest price it dropped to was $5.35. The 52-week range on HL shows that it touched its highest point at $7.00 and its lowest point at $3.41 during that stretch. It currently has a 1-year price target of $7.03. With its current market cap of 3.34 billion, HL has annualized dividend of $0.03 while the current yield stands at 0.53%. Beta for the stock currently stands at 2.08.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HL was up-trending over the past week, with a rise of 4.36%, but this was down by -10.70% over a month. Three-month performance surged to 7.25% while six-month performance rose 11.82%. The stock gained 18.30% in the past year, while it has lost -0.85% so far this year. A look at the trailing 12-month EPS for HL yields -0.08 with Next year EPS estimates of 0.14. For the next quarter, that number is 0.02. This implies an EPS growth rate of -206.70% for this year and 64.37% for next year.

Float and Shares Shorts:

At present, 600.08 million HL shares are outstanding with a float of 562.56 million shares on hand for trading. On Apr 27, 2023, short shares totaled 20.11 million, which was 3.34% higher than short shares on Mar 30, 2023. In addition to FL as the firm’s Foot Locker, Inc., HD serves as its Home Depot, Inc. (The).

Institutional Ownership:

Other institutions hold 47.75% of HL, in contrast to 2.44% held by mutual funds. Shares owned by individuals account for 15.23%. As the largest shareholder in HL with 10.02% of the stake, Van Eck Associates Corp. holds 60,912,197 shares worth 60,912,197. A second-largest stockholder of HL, The Vanguard Group, Inc., holds 55,398,404 shares, controlling over 9.11% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HL, holding 38,477,089 shares or 6.33% stake. With a 5.67% stake in HL, the VanEck Gold Miners ETF is the largest stakeholder. A total of 34,435,139 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 3.31% of HL stock, is the second-largest Mutual Fund holder. It holds 20,106,024 shares valued at 121.64 million. Vanguard Total Stock Market ETF holds 2.95% of the stake in HL, owning 17,925,537 shares worth 108.45 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, HL reported revenue of $191.24M and operating income of $9.18M. The EBITDA in the recently reported quarter was $48.85M and diluted EPS was -$0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HL analysts setting a high price target of $8.25 and a low target of $5.75, the average target price over the next 12 months is $7.03. Based on these targets, HL could surge 49.73% to reach the target high and rise by 4.36% to reach the target low. Reaching the average price target will result in a growth of 27.59% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded HL stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 63,581 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 1,143,240 while 223,327 shares were sold.

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