Hecla Mining is a holding company. Through its subsidiaries, Co. discovers, acquires and develops mines and other mineral interests and produces and markets concentrates, carbon material, and unrefined dore. Co. is organized in four segments that include its operating mines and primary assets being Greens Creek, Lucky Friday, Casa Berardi and the Nevada Operations. Co. produces zinc, silver and precious metals flotation concentrates at Greens Creek and zinc flotation concentrates at Lucky Friday, each of which it sells to custom smelters and metal traders. Co. also produces unrefined gold and silver bullion bars (dore), loaded carbon and precipitates at Casa Berardi and Nevada Operations. We show 55 historical shares outstanding datapoints in our HL shares outstanding history coverage, used to compute HL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HL market cap history over the course of time is important for investors
interested in comparing HL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HL versus a peer is one thing; comparing
HL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HL can fluctuate over the course of history.
With this page we aim to empower investors researching HL by allowing them to research the HL market cap history. |
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Video: The Importance of Market Cap
