Sunday, June 26, 2022

Investing in Hecla Mining Company (HL): What You Must Know

ROTH Capital upgraded its Hecla Mining Company [HL] rating to a Buy from a a Neutral in a research note published on Tuesday, May 11, 2022; the price target was decreased to $6.25 from $6.50. PT values the company’s stock at a premium of 29.12 to its Tuesday closing price. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. Cantor Fitzgerald revised its rating on September 08, 2021. It rated HL as “a Buy” which previously was an “a Hold”.


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Price Performance Review of HL

On Tuesday, Hecla Mining Company [NYSE:HL] saw its stock jump 1.84% to $4.43. On the same session, the stock had its day’s lowest price of $4.32, but rose to a high of $4.58. Over the last five days, the stock has gained 3.02%. Hecla Mining Company shares have fallen nearly -15.10% since the year began. Nevertheless, the stocks have fallen -43.66% over the past one year. While a 52-week high of $8.16 was reached on 03/08/22, a 52-week low of $4.07 was recorded on 05/12/22. SMA at 50 days reached $5.20, while 200 days put it at $5.60. A total of 6.01 million shares were traded, compared to the trading of 9.98 million shares in the previous session.

Levels Of Support And Resistance For HL Stock

The 24-hour chart illustrates a support level at 4.31, which if violated will result in even more drops to 4.18. On the upside, there is a resistance level at 4.57. A further resistance level may holdings at 4.70. The Relative Strength Index (RSI) on the 14-day chart is 42.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.53%. Stochastics %K at 18.03% indicates the stock is a buying.

Hecla Mining Company [HL] – Who Are The Largest Shareholders?

In filings from Van Eck Associates Corp., it is revealed that the company now owns 50,451,450 shares, or roughly 9.36% of the outstanding HL shares. In other words, the investor’s shares have risen by 3,534,118 from its previous 13-F filing of 46917332.0. Additionally, The Vanguard Group, Inc. increased 1.31% of its stake after which the total value it holdings stand at $237,549,255, while BlackRock Fund Advisors reduced -1.76% of its stake to hold $169.56 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 6,033,244 shares of Hecla Mining Company, while Dimensional Fund Advisors LP bought 441,742 shares. At present, Global X Management Co. LLC is holding 10,221,400 shares valued at $48.25 million. Geode Capital Management LLC owned 9,238,722 shares of the company at the time of its most recent 13F filing, worth $43.61 million.

According to FactSet, Hecla Mining Company’s share price will average $6.80 in the next year, based on opinions of analysts polled by the firm. This is up nearly 52.41 percent from its previous closing price of $4.35. Analysts expect Hecla Mining Company stock to reach the higher price of $9.00, while the lowest price estimate is $5.00. However, 10 analysts have rated HL stock as an Overweight in their predictions for 2022.

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