The stock of Hecla Mining Company (NYSE:HL) decreased by -$0.08 on Monday to finish at $4.72, down -1.67 percent. The last five days have seen an average of 7,239,440 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$0.84. The average number of shares traded over the last 20 days was 5,345,180, while the average volume over the last 50 days totaled 6,092,558.
HL stock dropped -20.27% since last month. On 08/10/23, the company’s shares reached a one-month low of $4.57. The stock touched a high of $7.00 on 04/13/23, after rallying from a low of $3.41 in 52 weeks. The price of HL stock has declined by -15.07% or -$0.84 this year, reaching a new high 14 times. Still, the stock price is down -32.57% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.86, the price-to-book (PB) ratio of 1.43.
Company paid $0.0063 per share in dividends, remained unchanged from $0.0063 last year.
Financial Health
For the recent quarter, Hecla Mining Company’s quick ratio was 1.10, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.28, and the total debt to equity ratio is 0.29. As far as profitability goes, gross margin for the trailing twelve months is 14.40% percent. Hecla Mining Company’s EBITDA margin for the recent year was 21.07%, whereas its operating margin stood at -3.40% for the same period. Based on annual data, it had gross profit of $116.16 million and revenue of $718.9 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HL’s return on assets (ROA) during the last 12 months has been -1.60%. There was a -0.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.40%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $177.66 million, while revenues fell by -7.64% to $199.5 million. EBITDA was $39.53 million for the quarter. At the end of Hecla Mining Company’s most recent quarter, its liabilities totaled 952.62 million, while its total debt was $581.07 million. Equity owned by shareholders amounts to $617.34 million.
Technical Picture
Here’s a quick look at Hecla Mining Company’s (HL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 30.60%, suggesting the stock is Neutral, with a 53.83% historical volatility rate.
The stochastic %K and %D were 9.52% and 7.34% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 10.71%, the RSI (14) reading is 34.45%. On the 9-day MACD Oscillator, the stock is at -0.28, and the 14-day reading is at -0.52.
Analyst Ratings
In its analyst report released on June 28, 2023, National Bank Financial began covering Hecla Mining Company (NYSE: HL). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Hecla Mining Company (HL) an Overweight rating. HL is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is HL’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.50 and $9.25, with a median target price of $7.00. In analyzing these forecasts, the average price target given by analysts for Hecla Mining Company (HL) is $6.63.
