Hecla Mining Co. (NYSE: HL) Loses -41.36% From High. Why That Could Change?

Currently, there are 599.49M common shares owned by the public and among those 574.14M shares have been available to trade.

Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 1,194,607 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 212,206 shares.

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However, the script later moved the day high at 4.1050, up 2.76%. The company’s stock has a 5-day price change of 1.74% and 0.30% over the past three months. HL shares are trading -14.76% year to date (YTD), with the 12-month market performance down to -35.53% lower. It has a 12-month low price of $3.55 and touched a high of $6.99 over the same period. HL has an average intraday trading volume of 5.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.83%, -10.60%, and -15.48% respectively.

Institutional ownership of Hecla Mining Co. (NYSE: HL) shares accounts for 60.00% of the company’s 599.49M shares outstanding.

It has a market capitalization of $2.53B and a beta (3y monthly) value of 2.17. The earnings-per-share (ttm) stands at -$0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.76% over the week and 3.65% over the month.

Analysts forecast that Hecla Mining Co. (HL) will achieve an EPS of -$0.02 for the current quarter, $0.03 for the next quarter and $0.1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.02 a year ago.

Looking at the support for the HL, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on October 13, 2023, with the firm’s price target at $4-$4.40.

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