The Vanguard Group, Inc. has recently announced that it has increased stake in Hecla Mining Co. (NYSE:HL) by 0.80%. After grabbing 56.39 million shares, the institutional investor is now in possession of 0.45 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 9.12% having worth around $280.83 million. Moreover, Van Eck Associates Corp. increased its share by 0.73 million to have a control over 55.64 million shares. And BlackRock Fund Advisors raised its holdings to 0.7 million shares by acquiring 40.95 million shares or 6.62% of the stake.
Hecla Mining Co. (HL) concluded trading on 01/03/24 at a closing price of $4.39, with 7.97 million shares of worth about $34.98 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.49% during that period and on Wednesday the price saw a loss of about -6.40%. Currently the company’s common shares owned by public are about 599.49M shares, out of which, 574.12M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the HL stock and their offered price forecasts bring an average price target of $5.92. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.75 and could fall to a lowest price of $4.25. The stock’s current price level is 25.84% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.29% for the stock. However, touching the estimated high of $8.75 would mean a gain of 49.83% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 1,194,607 shares in 28 of the transactions. In 10 selling transactions, insiders dumped 212,206 shares.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Hecla Mining Co. VanEck Gold Miners ETF is currently holding 35.0 million shares of worth totaling $174.3 million. The company recently came buying 0.0 shares which brought its stake up to 5.66% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 18.42 million shares, have now control over 2.98% of the stake in the company. It holds 30091.0 shares of worth $91.73 million.
Hecla Mining Co. (NYSE: HL) started trading at $4.52, below -$0.17 from concluding price of the previous day. However, the stock later moved at a day high price of 4.5300, or with a loss of -6.40%. Stock saw a price change of -12.20% in past 5 days and over the past one month there was a price change of -14.42%. Year-to-date (YTD), HL shares are showing a performance of -8.73% which decreased to -20.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.55 but also hit the highest price of $6.99 during that period. The average intraday trading volume for Hecla Mining Co. shares is 6.16 million. The stock is currently trading -9.78% below its 20-day simple moving average (SMA20), while that difference is down -3.72% for SMA50 and it goes to -12.51% lower than SMA200.
The Vanguard Group, Inc. acquired 56.39 million shares of Hecla Mining Co. having value of about $280.83 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.45 million shares in the company valued at close to $1969261.81, or have control over 0.80% stake in the company. Hecla Mining Co. (NYSE: HL) currently have 599.49M outstanding shares and institutions hold larger chunk of about 60.59% of that. Holding of mutual funds in the company is about 2.47% while other institutional holders and individual stake holders have control over 45.75% and 15.13% of the stake respectively.
The stock has a current market capitalization of $2.71B and its 3Y-monthly beta is at 2.20. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 1.04 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 3.24% while standing at 3.97% over the month.
Analysts are in expectations that Hecla Mining Co. (HL) stock would likely to be making an EPS of $Hawaiian Electric Industries, I in the current quarter, while forecast for next quarter EPS is $14.77 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Halliburton Company which is $Hecla Mining Company 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 $Hormel Foods Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -100.00%.
Analysts at 10 brokerage firms have issued recommendations for the Hecla Mining Co. (HL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.40. Out of those 10 Wall Street analysts, 8 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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 ROTH MKM on October 13, 2023 offering a Buy rating for the stock and assigned a target price range of between $4 and $4.40 to it.
