Hecla Mining Company’s recent filing unveils that 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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PT values the company’s stock at a premium of 23.82 to its Monday closing price.
Price Performance Review of HL
On Monday, Hecla Mining Company [NYSE:HL] saw its stock fall -0.71% to $4.19. On the same session, the stock had its day’s lowest price of $4.11, but rose to a high of $4.24. Over the last five days, the stock has gained 3.20%. Hecla Mining Company shares have fallen nearly -24.56% since the year began. Nevertheless, the stocks have risen 9.23% 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 09/13/23. SMA at 50 days reached $4.91, while 200 days put it at $5.49. A total of 5.07 million shares were traded, compared to the trading of 6.34 million shares in the previous session.
Levels Of Support And Resistance For HL Stock
The 24-hour chart illustrates a support level at 4.12, which if violated will result in even more drops to 4.05. On the upside, there is a resistance level at 4.25. A further resistance level may holdings at 4.31. The Relative Strength Index (RSI) on the 14-day chart is 42.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.70%. Stochastics %K at 25.90% 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 30, 2023, growing by 2.82 million shares to a total of 19.79 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 16.97 million shares. There was a rise of 14.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.04.
Hecla Mining Company [HL] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 55,942,836 shares, or roughly 9.06% of the outstanding HL shares. In other words, the investor’s shares have fallen by -692,103 from its previous 13-F filing of 56634939.0. Additionally, Van Eck Associates Corp. decreased -9.85% of its stake after which the total value it holdings stand at $241,068,197, while BlackRock Fund Advisors added 4.60% of its stake to hold $176.69 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 1,072,891 shares of Hecla Mining Company, while SSgA Funds Management, Inc. bought -4,283,184 shares. At present, Global X Management Co. LLC is holding 13,091,952 shares valued at $57.47 million. Geode Capital Management LLC owned 11,491,121 shares of the company at the time of its most recent 13F filing, worth $50.45 million.
According to FactSet, Hecla Mining Company’s share price will average $6.27 in the next year, based on opinions of analysts polled by the firm. This is up nearly 42.18 percent from its previous closing price of $4.22. Analysts expect Hecla Mining Company stock to reach the higher price of $9.25, while the lowest price estimate is $4.50. However, 11 analysts have rated HL stock as an Overweight in their predictions for 2023.