Uncovering Institutional Buying In Hecla Mining Co. (NYSE: HL)

Currently, there are 599.08M common shares owned by the public and among those 580.30M shares have been available to trade.

Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 632,678 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 115,547 shares.

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The company’s stock has a 5-day price change of 0.85% and -25.57% over the past three months. HL shares are trading -25.57% year to date (YTD), with the 12-month market performance down to -27.99% lower. It has a 12-month low price of $3.33 and touched a high of $6.99 over the same period. HL has an average intraday trading volume of 5.95 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 -2.00%, -13.98%, and -22.05% respectively.

Institutional ownership of Hecla Mining Co. (NYSE: HL) shares accounts for 59.84% of the company’s 599.08M shares outstanding.

It has a market capitalization of $2.24B and a beta (3y monthly) value of 2.17. The earnings-per-share (ttm) stands at -$0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.49% over the week and 4.01% over the month.

Analysts forecast that Hecla Mining Co. (HL) will achieve an EPS of $0 for the current quarter, $0.01 for the next quarter and $0.11 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 169.00%, and 1638.45% over the next financial year.

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. BMO Capital Markets coverage for the Hecla Mining Co. (HL) stock in a research note released on September 14, 2023 offered a Outperform rating with a price target of $5.50. ROTH MKM on their part issued Neutral rating on April 14, 2023.

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