Hecla Mining Company (HL): Insights At A Glance


The Vanguard Group, Inc. has recently announced that it has increased stake in Hecla Mining Company (NYSE:HL) by 2.67%. After grabbing 47.32 million shares, the institutional investor is now in possession of 1.23 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 8.99% having worth around $261.19 million. Moreover, BlackRock Fund Advisors increased its share by 0.16 million to have a control over 34.78 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.9 million shares by acquiring 33.18 million shares or 6.31% of the stake.

Hecla Mining Company (HL) concluded trading on 08/26/20 at a closing price of $5.77, with 10.98 million shares of worth about $63.34 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -2.04% during that period and on Wednesday the price saw a gain of about 6.26%. Currently the company’s common shares owned by public are about 525.24M shares, out of which, 519.23M shares are available for trading.

Analysts also issued an outlook of 2.70 for the Hecla Mining Company stock for next 12 months.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 33 times over the past 12 months. They bought 2,160,840 shares in 25 of the transactions. In 8 selling transactions, insiders dumped 460,100 shares.

VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Hecla Mining Company VanEck Vectors – Gold Miners ETF is currently holding 28.38 million shares of worth totaling $156.66 million. The company recently came buying 86216.0 shares which brought its stake up to 5.39% of the company’s outstanding shares. VanEck Vectors – Junior Gold Mine bought 0.24 million shares, after which its hold over company’s outstanding shares expand to 3.51%, leaving 18.48 million shares with the mutual fund that have a worth of about $102.0 million. Vanguard Total Stock Market Index, after selling 14.86 million shares, have now control over 2.82% of the stake in the company. It holds -0.2 million shares of worth $82.02 million.

Hecla Mining Company (NYSE: HL) started trading at $5.37, below -$0.06 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $5.77, or with a gain of 6.26%. Stock saw a price change of -2.04% in past 5 days and over the past one month there was a price change of 5.68%. Year-to-date (YTD), HL shares are showing a performance of 70.21% which increased to 224.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.40 but also hit the highest price of $6.79 during that period. While comparing its average daily trading volume of 11.85 million shares, we see that about 10.98 million changed hands on the day. The stock is currently trading -2.41% below its 20-day simple moving average (SMA20), while that difference is up 23.62% for SMA50 and it goes to 78.72% higher than SMA200.

The Vanguard Group, Inc. acquired 47.32 million shares of Hecla Mining Company having value of about $261.19 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.23 million shares in the company valued at close to $7090245.24, or have control over 2.67% stake in the company. Hecla Mining Company (NYSE: HL) currently have 525.24M outstanding shares and institutions hold larger chunk of about 57.50% of that. Holding of mutual funds in the company is about 2.74% while other institutional holders and individual stake holders have control over 43.63% and 13.20% of the stake respectively.

The stock has a current market capitalization of $3.16B and its 3Y-monthly beta is at 2.17. It has posted earnings per share of -$0.12 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HL, volatility over the week remained 6.43% while standing at 6.71% over the month.

Analysts are in expectations that Hecla Mining Company (HL) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter ESPS is $0.03 and it is $0.25 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -226.30%.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 05, 2020 offering a Neutral rating for the stock and assigned a target price of to it. Coverage by RBC Capital Mkts stated Hecla Mining Company (HL) stock as a Sector perform in their note to investors on July 17, 2020, suggesting a price target of $4.50 for the stock. On July 14, 2020, B. Riley FBR Upgrade their recommendations, while on April 14, 2020, Canaccord Genuity Downgrade their ratings for the stock with a price target of. Stock get a Neutral rating from CIBC on January 08, 2020.


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