Reviewing The Case For Hecla Mining Co. (HL) Going Higher

Currently, there are 599.08M common shares owned by the public and among those 580.93M shares have been available to trade.

The company’s stock has a 5-day price change of 11.09% and -4.94% over the past three months. HL shares are trading 0.00% year to date (YTD), with the 12-month market performance down to -22.08% 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 6.37 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 15.89%, 23.26%, and 8.07% respectively.

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Institutional ownership of Hecla Mining Co. (NYSE: HL) shares accounts for 60.06% of the company’s 599.08M shares outstanding.

It has a market capitalization of $3.01B and a beta (3y monthly) value of 2.19. 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 5.60% over the week and 4.85% over the month.

Analysts forecast that Hecla Mining Co. (HL) will achieve an EPS of $0 for the current quarter, $0 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 214.00%, and 1177.59% 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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