Hecla Mining (HL, Financial) is experiencing a notable surge in bullish sentiment, highlighted by a significant trading volume in call options. A total of 5,603 call options have been traded, surpassing expectations by 40%. This activity has driven the implied volatility up by over one point to reach 63.94%.
The May-25 $6 and $5 call options are drawing the most attention, with these two strikes alone contributing nearly 2,200 contracts to the total volume. This heightened interest in call options is reflected in a Put/Call Ratio of 0.12, indicating a strong bullish bias among traders.
Market participants appear to be positioning themselves ahead of Hecla Mining's upcoming earnings announcement, scheduled for May 7th. Investors will be closely watching for the company's financial performance and any guidance that could impact future trading activity.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Hecla Mining Co (HL, Financial) is $7.38 with a high estimate of $11.50 and a low estimate of $5.50. The average target implies an upside of 26.39% from the current price of $5.84. More detailed estimate data can be found on the Hecla Mining Co (HL) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Hecla Mining Co's (HL, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hecla Mining Co (HL, Financial) in one year is $6.33, suggesting a upside of 8.48% from the current price of $5.835. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hecla Mining Co (HL) Summary page.
