A Technical View of the Hecla Mining Company (HL)

Hecla Mining Company (NYSE:HL) saw a downside of -0.73% to close Monday at $5.47 after subtracting -$0.04 on the day. The 5-day average trading volume is 6,185,500 shares of the company’s common stock. It has gained $5.69 in the past week. An average of 6,619,995 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,084,248.

HL’s 1-month performance is -10.91% or -$0.93 on its low of $5.25 reached on 09/23/21. The company’s shares have touched a 52-week low of $4.31 and high of $9.43, with the stock’s rally to the 52-week high happening on 06/14/21. YTD, HL has lost -15.40% or -$1.01. However, the current price is down -41.98%% from the 52-week high price.


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Insider Transactions

On Jun 17, 110 days have gone by since the last insider trading activity for Hecla Mining Company (HL). Sienko David C (VP and General Counsel) most recently sold 22,719 shares at $7.97 per share on Jun 17. This transaction cost the insider $181,070. VP and General Counsel, Sienko David C, sold 70,000 shares at a price of $7.99 on Jun 17. Then, on Jun 10, Director Ralbovsky Stephen F sold 11,150 shares at a price of $8.98 per share. This transaction amounted to $100,127.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 272.04 and a low of 20.20. HL stock has a beta of 2.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.59 while the price-to-book (PB) in the most recent quarter is 1.70, with the price to cash flow ratio at 22.16.

Hecla Mining Company pays an annual dividend of $0.05 per share. Its dividend yield is 0.91% and the payout ratio is 37.60%. HL’s most recent quarterly dividend payment was made on Sep. 3, when it paid $0.0110 a share compared with prior rate of $0.0110, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0020 reported on Thursday May 6 2021. Measured over the last 3 years, the Dividend has been growing by 62.50% yearly.

It is projected that Hecla Mining Company’s next ex-dividend date will be on 22-Nov. HL is expected to distribute $0.0113 as its next dividend.

Hecla Mining Company’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 2.60 meaning that HL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.30, while the total debt to equity was 0.30. In terms of profitability, the gross margin trailing 12 months is 27.40%The trailing 12-month EBITDA margin is 33.22% while for the period ending June 29; Hecla Mining Company’s operating margin was 14.90%. The firm’s gross profit as reported stood at $145.7 million against revenue of $691.87 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HL to announce $0.05 per share in earnings in its latest quarter, but it posted $0.06, representing a 20.00% surprise. EBITDA for the quarter stood at more than $75.42 million. HL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 950.56 million, with total debt at $532.65 million. Shareholders hold equity totaling $536.98 million

Technical Picture

Let’s look briefly at Hecla Mining Company (HL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 37.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.72%.

The stock’s 5-day moving average is $5.51, reflecting a -1.80% or -$0.10 change from its current price. HL is currently trading -14.53% above its 20-day SMA, -24.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -16.23% and -6.01% respectively.

Stochastic %K and %D was 24.25% and 25.16% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 38.82%, while the 14-day stochastic is at 22.00% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.00 and -0.06 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for HL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HL as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is HL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.00 and a high of $11.00, with their median price target at $7.50. Looking at these predictions, the average price target given by analysts is for Hecla Mining Company (HL) stock is $7.98.

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