Hecla Mining Company (NYSE:HL) finished Thursday with a subtraction of -$0.07 to close at $4.34, a downside of -1.59 percent. An average of 9,301,340 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 6,649,965 shares traded, while the 50-day average volume stands at 6,555,032.
HL stock has decreased by -27.14% in the last month. The company shares reached their 1-month lowest point of $3.96 on 08/22/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $3.41 and a high of $7.00 in 52 weeks. It has reached a new high 14 times so far this year and lost -21.86% or -$1.22 in price. In spite of this, the price is down -37.96% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Hecla Mining Company (HL) stock’s beta is 2.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.65, the price-to-book (PB) ratio at 1.32.
Financial Health
The quick ratio of Hecla Mining Company for the three months ended June 29 was 1.10, and the current ratio was 1.70, 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 0.29 for the quarter ending June 29. Hecla Mining Company’s EBITDA margin for the year ending June 29 is 21.07%, while its operating margin for the same period stands at -3.40%. Its gross profit as reported stood at $116.16 million compared to revenue of $718.9 million.
Earnings Surprise
For the three-month period that ended June 29, Hecla Mining Company had $559.82 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$15.83 million in the quarter, while revenues of -$3.31 million were grew 13.71%. The analyst consensus anticipated Hecla Mining Company’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.03. For the quarter, EBITDA amounted to $39.53 million. Shareholders own equity worth $617.34 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 24 August was 36.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.96%.
As of today, HL’s price is $4.30 -3.34% or -$0.15 from its 5-day moving average. HL is currently trading -21.52% lower than its 20-day SMA and -31.44% lower than its 100-day SMA. However, the stock’s current price level is -18.27% below the SMA50 and -8.82% below the SMA200.
The stochastic %K and %D were 23.00% and 15.05%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 28.57% and the average true range at 0.23, the RSI (14) stands at 36.29%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.30.
Analyst Ratings
National Bank Financial launched coverage on Hecla Mining Company (NYSE: HL) in its analyst report released on June 28, 2023. The firm assigned the stock an Outperform rating. 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is HL’s price target for the next 12 months?
Analysts predict a range of price targets between $4.50 and $9.25, with a median target of $6.50. Taking a look at these predictions, the average price target given by analysts for Hecla Mining Company (HL) stock is $6.43.
