In a filing, Hecla Mining Company revealed its Director Johnson George R acquired Company’s shares for reported $34585.0 on Aug 22. In the deal valued at $4.07 per share,8,500 shares were bought. As a result of this transaction, Johnson George R now holds 25,773 shares worth roughly $ 0.11 million.
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National Bank Financial initiated its Hecla Mining Company [HL] rating to an Outperform in a research note published on Friday, June 28, 2023; the price target was $7.50. PT values the company’s stock at a premium of 42.0 to its Friday closing price.
Price Performance Review of HL
On Friday, Hecla Mining Company [NYSE:HL] saw its stock fall -0.91% to $4.35. On the same session, the stock had its day’s lowest price of $4.34, but rose to a high of $4.50. Over the last five days, the stock has gained 0.93%. Hecla Mining Company shares have fallen nearly -21.68% since the year began. Nevertheless, the stocks have risen 10.53% over the past one year. While a 52-week high of $7.00 was reached on 04/13/23, a 52-week low of $3.41 was recorded on 08/22/23. SMA at 50 days reached $5.12, while 200 days put it at $5.53. A total of 4.15 million shares were traded, compared to the trading of 5.07 million shares in the previous session.
Levels Of Support And Resistance For HL Stock
The 24-hour chart illustrates a support level at 4.29, which if violated will result in even more drops to 4.24. On the upside, there is a resistance level at 4.45. A further resistance level may holdings at 4.56. The Relative Strength Index (RSI) on the 14-day chart is 39.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.32%. Stochastics %K at 54.26% indicates the stock is a holding.
How much short interest is there in Hecla Mining Company?
A steep rise in short interest was recorded in Hecla Mining Company stocks on Aug 14, 2023, dropping by -1.05 million shares to a total of 18.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 19.35 million shares. There was a decline of -5.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.00% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.43.
According to FactSet, Hecla Mining Company’s share price will average $6.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 48.06 percent from its previous closing price of $4.39. Analysts expect Hecla Mining Company stock to reach the higher price of $9.25, while the lowest price estimate is $4.50. However, 10 analysts have rated HL stock as an Overweight in their predictions for 2023.