As of Thursday close, Hecla Mining Company’s (NYSE:HL) stock was down -$0.09, moving down -2.01 percent to $4.39. The average number of shares traded per day over the past five days has been 5,386,080 shares. 4 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 6,879,045, while in the previous 50 days, it was 6,167,110.
Since last month, HL stock retreated -16.96%. Shares of the company fell to $3.96 on 08/22/23, the lowest level in the past month. A 52-week high of $7.00 was reached on 04/13/23 after having rallying from a 52-week low of $3.41. Since the beginning of this year, HL’s stock price has dropped by -20.96% or -$1.17, and marked a new high 14 times. However, the stock has declined by -37.25% since its 52-week high.
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HL stock investors should be aware that Hecla Mining Company (HL) stock had its last reported insider trading activity 10 days ago on Aug 22. Johnson George R, the Director of the company, purchased of 8,500 shares for $4.07 on Aug 22. It resulted in a $34,585 investment by the insider.
Valuation Metrics
The stock’s beta is 2.09. Besides these, the trailing price-to-sales (P/S) ratio of 3.80, the price-to-book (PB) ratio of 1.33.
The latest dividend of $0.0063 per share was paid out, remained unchanged from last year’s $0.0063. On Wednesday May 10 2023, a $0.0003 dividend increase was announced.
Financial Health
In the three months ended June 29, Hecla Mining Company’s quick ratio stood at 1.10, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.28, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 14.80% percent. In the year ended June 29, EBITDA margin amounted to 21.07%, whereas operating margins totaled -3.40%. Based on annual data, HL earned $116.16 million in gross profit and brought in $718.9 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.20%. Return on equity (ROE) for the past 12 months was -2.40%.
In Hecla Mining Company’s quarter-end financial report for June 29, it reported total debt of $559.82 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HL’s revenue fell -7.64% to $199.5 million during the quarter, while net income inched up to $177.66 million. While analysts expected Hecla Mining Company to report $0 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $39.53 million in EBITDA. The liabilities of Hecla Mining Company were 952.62 million at the end of its most recent quarter ended June 29, and its total debt was $581.07 million. The value of shareholders’ equity is $617.34 million.
Technical Picture
This quick technical analysis looks at Hecla Mining Company’s (HL) price momentum. With a historical volatility rate of 76.88%, the RSI 9-day stood at 41.44% on 31 August.
With respect to its five-day moving average, the current Hecla Mining Company price is up by +1.15% percent or $0.05. At present, HL shares trade -15.74% below its 20-day simple moving average and -31.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.07% below its SMA50 and -11.13% below its SMA200.
Stochastic coefficient K was 63.10% and Stochastic coefficient D was 57.88%, while ATR was 0.22. Given the Stochastic reading of 51.19% for the 14-day period, the RSI (14) reading has been calculated as 40.08%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.06.
Analyst Ratings
National Bank Financial launched its rating on Hecla Mining Company (NYSE: HL) to an Outperform in a note to investors on June 28, 2023. Hecla Mining Company (HL) has been rated Overweight by analysts. According to 0 brokerage firms, HL is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hecla Mining Company stock as buy, with 6 recommending it as overweight.
With a median target price of $6.50, the current consensus forecast for the stock is $4.50 – $9.25. Based on these forecasts, analysts predict Hecla Mining Company (HL) will achieve an average price target of $6.43.
