This trade activity should not be overlooked: Hecla Mining Company (HL)

Hecla Mining Company (NYSE: HL) stock jumped 3.43% on Friday to $4.22 against a previous-day closing price of $4.08. With 22.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.21 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $4.3350 whereas the lowest price it dropped to was $4.1500. 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 $6.39. With its current market cap of 2.52 billion, HL has annualized dividend of $0.02 while the current yield stands at 0.55%. Beta for the stock currently stands at 2.10.

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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 5.50%, but this was down by -5.53% over a month. Three-month performance dropped to -19.26% while six-month performance fell -21.66%. The stock gained 5.62% in the past year, while it has lost -24.02% so far this year. A look at the trailing 12-month EPS for HL yields -0.08 with Next year EPS estimates of 0.13. For the next quarter, that number is 0.02. This implies an EPS growth rate of -206.70% for this year and 130.36% for next year.

Float and Shares Shorts:

At present, 604.09 million HL shares are outstanding with a float of 573.46 million shares on hand for trading. On Aug 30, 2023, short shares totaled 19.79 million, which was 3.21% higher than short shares on Jul 30, 2023. In addition to Mr. Phillips S. Baker Jr. as the firm’s Pres, CEO & Director, Mr. Russell D. Lawlar serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 62.15% of HL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.69% of HL, in contrast to 2.47% held by mutual funds. Shares owned by individuals account for 17.28%. As the largest shareholder in HL with 9.06% of the stake, The Vanguard Group, Inc. holds 55,942,836 shares worth 55,942,836. A second-largest stockholder of HL, Van Eck Associates Corp., holds 54,913,029 shares, controlling over 8.90% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HL, holding 40,247,825 shares or 6.52% stake. With a 5.30% stake in HL, the VanEck Gold Miners ETF is the largest stakeholder. A total of 32,725,809 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 2.97% of HL stock, is the second-largest Mutual Fund holder. It holds 18,362,548 shares valued at 80.61 million. Vanguard Total Stock Market ETF holds 2.93% of the stake in HL, owning 18,085,249 shares worth 79.39 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 Jun 29, 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 $9.25 and a low target of $4.50, the average target price over the next 12 months is $6.34. Based on these targets, HL could surge 119.19% to reach the target high and rise by 6.64% to reach the target low. Reaching the average price target will result in a growth of 50.24% 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 21 Buys and 7 Sells. In these transactions, 632,678 shares were bought while 115,547 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 1,194,607 while 212,206 shares were sold.

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