Mixed Analyst Attention: Invesco Mortgage Capital Inc. (NYSE:IVR), Hecla Mining Company (NYSE:HL)

The shares of Invesco Mortgage Capital Inc. (NYSE:IVR) has been pegged with a rating of Mkt Perform by Keefe Bruyette in its latest research note that was published on August 10, 2018. Keefe Bruyette wasn’t the only research firm that published a report of Invesco Mortgage Capital Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Outperform rating from Keefe Bruyette Markets when it published its report on July 17, 2017. Keefe Bruyette was of a view that IVR is Mkt Perform in its latest report on December 13, 2016. Nomura thinks that IVR is worth Buy rating. This was contained in the firm’s report on May 18, 2016 in which the stock’s price target was also moved to 16.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $17.50. The price of the stock the last time has raised by 18.00% from its 52-Week high price while it is -83.88% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 14.08.

The shares of the company added by 17.06% during the trading session on Wednesday, reaching a low of $2.45 while ending the day at $2.95. During the trading session, a total of 18.56 million shares were traded which represents a -416.91% decline from the average session volume which is 3.59 million shares. IVR had ended its last session trading at $2.52. Invesco Mortgage Capital Inc. currently has a market cap of $499.49 million, while its P/E ratio stands at 1.21, while its P/E earnings growth sits at 0.71, with a beta of 1.67. IVR 52-week low price stands at $2.50 while its 52-week high price is $18.30.

In the second quarter last year, the firm recorded $0.46 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 2.13%.

Investment analysts at CIBC published a research note on January 08, 2020 where it informed investors and clients that Hecla Mining Company (NYSE:HL) is now rated as Neutral. Even though the stock has been trading at $2.07/share, analysts expect it to surge by 9.66% to reach $3.30/share. It started the day trading at $2.335 and traded between $1.92 and $2.27 throughout the trading session.

A look at its technical shows that HL’s 50-day SMA is 2.76 while its 200-day SMA stands at 2.30. The stock has a high of $3.51 for the year while the low is $1.21. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 29.13 M shorted shares, the short percentage went lower by -8.89%, as 26.54M IVR shares were shorted. At the moment, only 6.16% of Hecla Mining Company shares were sold short. The company’s average trading volume currently stands at 10.07M shares, which means that the short-interest ratio is just 2.89 days. Over the past seven days, the company moved, with its shift of 40.99%. Looking further, the stock has dropped -30.37% over the past 90 days while it gained 9.66% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Van Eck Associates Corp. bought more HL shares, increasing its portfolio by 4.01% during the last quarter. This move now sees The Van Eck Associates Corp. purchasing 2,078,826 shares in the last quarter, thus it now holds 53,923,238 shares of HL, with a total valuation of $142,357,348. The Vanguard Group, Inc. meanwhile bought more HL shares in the recently filed quarter, changing its stake to $118,675,139 worth of shares.

Similarly, BlackRock Fund Advisors increased its Hecla Mining Company shares by 2.19% during the recently filed quarter. After buying 33,390,173 shares in the last quarter, the firm now controls 716,038 shares of Hecla Mining Company which are valued at $88,150,057. In the same vein, Dimensional Fund Advisors LP increased its Hecla Mining Company shares by during the most recent reported quarter. The firm sold 899,164 shares during the quarter which increased its stakes to 28,883,482 shares and is now valued at $76,252,392. Following these latest developments, around 1.78% of Hecla Mining Company stocks are owned by institutional investors and hedge funds.