Hecla Mining Company (HL): Outlook Remains Positive

Wall Street analysts will be watching closely when Hecla Mining Company (NYSE:HL) reports its quarterly earnings next, which is scheduled for Thu 21 Feb (In 9 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.02 per share. In the preceding quarter, the company reportedly generated EPS of -$0.06 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 1.50%, a profit margin of -5.30% and a gross margin of 21.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Hecla Mining Company (NYSE:HL). Most recently, on January 17th, 2019, RBC Capital Mkts Downgrade a Underperform rating. Before that, on January 8th, 2019, Canaccord Genuity Upgrade to Buy. Canaccord Genuity Downgrade a Sell rating on October 11th, 2018, ROTH Capital Initiated an Buy rating on September 10th, 2018, and JP Morgan Resumed a Overweight rating on July 24th, 2018.

At its current price point, combined with the fact that this company has 469.24M shares outstanding, the current market capitalization sits at 1.19B. In the last trading day, 4,682,458 shares of Hecla Mining Company were traded, which compares to its usual volume of about 5.20M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$0.16 in the past five trading days, resulting in a percentage change of -5.93% and a moving average of 2.59. In the past 20 days, its price changed by -$0.20 (which is -7.30%) and the stock’s moving average was 2.53. Looking back a full 50 days, shares of HL changed by -$0.05 (which is -1.93%) and demonstrated a moving average of 2.50.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 21.89%, a 14-day Stochastic %K score of 55.94% and a 20-day Stochastic %K score of 56.24%. Using a similar metric, Hecla Mining Company (HL) shares showed a Stochastic %D of 31.56% over the past 9 days, a Stochastic %D score of 58.65% over the last 14 days, and a 20-day Stochastic %D of 54.51%. Meanwhile, this stock’s MACD Oscillator was -0.04 over the past 9 days, 0.00 over the past two weeks, and 0.05 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $2.54 level. Over the past 12 months, this stock has experienced a high price of $4.15 and a low of $2.17. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Van Eck Associates Corp purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Hecla Mining Company (NYSE:HL) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 59,336,006 shares of the company’s stock following the addition of 14,486,504 to this investor’s holdings during the three-month period. This share count represents that Van Eck Associates Corp now held 12.36% stake in Hecla Mining Company (HL)’s shares.

Just in the most recent trading day, Hecla Mining Company (NYSE:HL) experienced a high price of $2.6 and low point of $2.51. At the end of the last trading session, this stock was at 2.54 per share, following a loss of -1.55% during the full day.