Hecla Mining Co. (NYSE:HL) finished Thursday with an addition of $0.04 to close at $3.90, an upside of 1.04 percent. An average of 4,331,740 shares of common stock have been traded in the last five days. There was a fall of -$0.09 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 5,678,470 shares traded, while the 50-day average volume stands at 5,928,122.
HL stock has decreased by -15.22% in the last month. The company shares reached their 1-month lowest point of $3.78 on 09/27/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $3.53 and a high of $7.00 in 52 weeks. It has reached a new high 14 times so far this year and lost -29.78% or -$1.66 in price. In spite of this, the price is down -44.25% from the 52-week high.
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Valuation Metrics
Hecla Mining Co. (HL) stock’s beta is 2.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.35, the price-to-book (PB) ratio at 1.18.
Financial Health
The quick ratio of Hecla Mining Co. for the three months ended June 29 was 1.09, and the current ratio was 1.71, 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. Its gross profit as reported stood at $116.16 million compared to revenue of $718.9 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hecla Mining Co.’s return on assets was -1.65%.
Earnings Surprise
For the three-month period that ended June 29, Hecla Mining Co. 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 Co.’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 Co. (HL) price momentum. RSI 9-day as of the close on 28 September was 36.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.58%.
As of today, HL’s price is $3.92 -2.26% or -$0.09 from its 5-day moving average. HL is currently trading -12.95% lower than its 20-day SMA and -36.27% lower than its 100-day SMA. However, the stock’s current price level is -36.38% below the SMA50 and -29.73% below the SMA200.
The stochastic %K and %D were 12.71% and 13.97%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 21.62% and the average true range at 0.16, the RSI (14) stands at 36.96%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.
Analyst Ratings
The consensus rating for Hecla Mining Co. (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 7 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 $4.00 and $9.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Hecla Mining Co. (HL) stock is $6.20.
