The stock of Hecla Mining Company (NYSE:HL) increased by $0.14 on Monday to finish at $4.45, up 3.25 percent. The last five days have seen an average of 6,724,140 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$1.11. The average number of shares traded over the last 20 days was 6,654,910, while the average volume over the last 50 days totaled 6,443,950.
HL stock dropped -20.20% since last month. On 08/22/23, the company’s shares reached a one-month low of $3.96. 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 -19.88% or -$1.11 this year, reaching a new high 14 times. Still, the stock price is down -36.39% from the 52-week high.
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Insider Transactions
HL stock investors should be aware that Hecla Mining Company (HL) stock had its last reported insider trading activity 7 days ago on Aug 22. On Aug 22, Director Johnson George R acquired 8,500 shares at $4.07 each. This transaction resulted in the insider spending $34,585.
Valuation Metrics
Beta for the stock is 2.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.85, the price-to-book (PB) ratio of 1.35.
Company paid $0.0063 per share in dividends, remained unchanged from $0.0063 last year. A $0.0003 dividend increase was reported on Wednesday May 10 2023.
Financial Health
For the three months ended June 29, 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 quarter ending June 29 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 14.80% percent. Hecla Mining Company’s EBITDA margin for the year ended June 29 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
According to Hecla Mining Company’s quarterly financial report for the quarter that ended June 29. 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. It was predicted that Hecla Mining Company’s quarterly earnings would be $0.03, but it ended up being $0. EBITDA was $39.53 million for the quarter. At the end of Hecla Mining Company’s most recent quarter ended June 29, 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 28 August, the RSI 9-day stood at 42.78%, suggesting the stock is Neutral, with a 74.48% historical volatility rate.
The stochastic %K and %D were 33.92% and 28.92% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 44.14%, the RSI (14) reading is 40.28%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.10.
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 $6.50. In analyzing these forecasts, the average price target given by analysts for Hecla Mining Company (HL) is $6.43.
