Monitoring some price target data, we have noticed that shares of Hecla Mining Company (NYSE:HL) currently have an average target of $6.18. This number is the consensus target price averaging estimates provided by analysts polled by Zacks Research. Sell-side analysts have various methods at their disposal for estimating stock price targets. Many investors will closely monitor stock target prices, especially when Street analysts change their view on a specific target price. Some investors may follow these sell-side targets very closely and use the provided information to assist with their own stock research.
Individuals invest in order to get a return on the investment. Nobody enters the equity markets with the hope of losing money. Returns on investments may come in different forms. With any stock investment, there may be some level of risk involved. Understanding the risk is important and should be considered very carefully. Of course, the stock may go up and become a winner, or shares could sour and turn into losers. Returns in the stock market may often mimic the amount of risk. Generally speaking, the greater the risk, the greater the reward. With the greater chance of reward comes the greater chance of losses. Keeping a balanced and diversified portfolio can help manage the risk associated with investing in the stock market.
We can now shift the focus to some company earnings data. Based on projections provided by 6 individual Wall Street analysts polled by Zacks Research, Hecla Mining Company (NYSE:HL) has a current quarter EPS consensus estimate of 0.03. For the prior reporting period, the company posted quarterly earnings per share of 0.04. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.
Taking a look at the current consensus broker rating for Hecla Mining Company (NYSE:HL), we note that the ABR is 2.5. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 2.
Investors may be following some historical price data on shares of Hecla Mining Company (NYSE:HL). Over the past 12 weeks, the stock has seen a change of -27.08%. If we go back to the beginning of the year, we can see that shares have changed -26.53%. Over the last 4 weeks, shares have seen a change of -20.45%. Over the last 5 trading sessions, the stock has moved -2.78%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $6.72, and the 52-week low is currently $3.75. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $3.85 mark.
Investors are usually scouring the markets for that next great stock pick. Locating that special winner to jumpstart the portfolio may involve lots of diligent hard work. Filing through the massive amounts of data regarding public companies can be an overwhelming task. Many successful investors will approach the equity markets from various sides. This may include keeping a close eye on the fundamentals as well as the technical data. This may also include following sell-side analyst opinions and tracking what the big money institutions are buying or selling.