Is Hecla Mining Company (HL) A Good Investment?

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KOSK Stock
KOSK Stock

Hecla Mining Company (NYSE:HL) finished Thursday with a subtraction of -$0.03 to close at $3.98, a downside of -0.75 percent. An average of 9,997,260 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 7,340,505 shares traded, while the 50-day average volume stands at 6,522,094.

HL stock has decreased by -4.10% in the last month. The company shares reached their 1-month lowest point of $3.68 on 09/01/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $3.44 and a high of $7.66 in 52 weeks. It has reached a new high 12 times so far this year and lost -23.73% or -$1.24 in price. In spite of this, the price is down -48.04% from the 52-week high.


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Valuation Metrics

Hecla Mining Company (HL) has a trailing price-to-earnings (P/E) ratio of 1990.00. The stock’s beta is 2.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.82, the price-to-book (PB) ratio at 1.20, and the price-to-cash flow ratio at 46.67.

The company’s most recent quarterly dividend payment was $0.0063 a share, representing a up of 5.0% from $0.0060 last year. Its latest increase dividend $0.0003 reported on Friday August 5 2022.

Financial Health

The quick ratio of Hecla Mining Company for the three months ended June 29 was 1.60, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $217.8 million compared to revenue of $807.47 million.

Earnings Surprise

For the three-month period that ended June 29, Hecla Mining Company had $507.84 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.66 million in the quarter, while revenues were grew 104.76%. The analyst consensus anticipated Hecla Mining Company’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.04, a 100.00% surprise. For the quarter, EBITDA amounted to $45.91 million. Shareholders own equity worth $541.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hecla Mining Company (HL) price momentum. RSI 9-day as of the close on 22 September was 46.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.10%.

As of today, HL’s price is $4.02 +3.65% or $0.14 from its 5-day moving average. HL is currently trading -7.01% lower than its 20-day SMA and -23.61% lower than its 100-day SMA. However, the stock’s current price level is +1.53% above the SMA50 and -23.61% below the SMA200.

The stochastic %K and %D were 36.87% and 42.77%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 32.39% and the average true range at 0.23, the RSI (14) stands at 46.88%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.

Analyst Ratings

ROTH Capital upgraded Hecla Mining Company (NYSE: HL) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Hecla Mining Company (HL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HL, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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