Hecla Mining Company (HL): What Does Valuation Ratios Tell Us?

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Hecla Mining Company (NYSE:HL) saw an upside of 1.28% to close Monday at $6.34 after adding $0.08 on the day. The 5-day average trading volume is 9,342,101 shares of the company’s common stock. It has gained $6.36 in the past week and touched a new high 3 times within the past 5 days. An average of 8,820,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,078,687.

HL’s 1-month performance is 13.82% or $0.84 on its low of $5.36 reached on 12/28/22. The company’s shares have touched a 52-week low of $3.41 and high of $7.66, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, HL has achieved 14.03% or $0.78 and has reached a new high 6 times. However, the current price is down -17.23% from the 52-week high price.

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Valuation Metrics

HL stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.35 while the price-to-book (PB) in the most recent quarter is 1.80.

Hecla Mining Company’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 1.80. In terms of profitability, the gross margin trailing 12 months is 20.40%. The firm’s gross profit as reported stood at $217.8 million against revenue of $807.47 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 95.27% to -$23.66 million, while revenue of -$13.66 million was 42.27% off the previous quarter. Analysts expected HL to announce $0 per share in earnings in its latest quarter, but it posted -$0.02. EBITDA for the quarter stood at more than $7.63 million. HL stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 979.86 million, with total debt at $563.48 million. Shareholders hold equity totaling $606.27 million.

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 23 January was 66.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.08%.

The stock’s 5-day moving average is $6.16, reflecting a +1.77% or $0.11 change from its current price. HL is currently trading +13.21% above its 20-day SMA, +56.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.57% and SMA200 by-1.09%.

Stochastic %K and %D was 91.16% and 81.55% and the average true range (ATR) pointed at 0.29. The RSI (14) points at 63.54%, while the 14-day stochastic is at 97.59% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.16 and 0.26 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hecla Mining Company (NYSE: HL), Canaccord Genuity upgraded it to a Buy rating. They previously had a Hold rating on the stock.

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

Analysts have a consensus price target ranging from a low of $5.00 and a high of $7.25, with their median price target at $6.13. Looking at these predictions, the average price target given by analysts is for Hecla Mining Company (HL) stock is $6.23.

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