Hecla Mining Co. (NYSE: HL)’s stock price has plunge by 0.57relation to previous closing price of 5.28. Nevertheless, the company has seen a -2.03% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-17 that Penny stocks are often categorized as purely speculative. That’s far from being a fact with several promising ideas in the penny stocks space.
Is It Worth Investing in Hecla Mining Co. (NYSE: HL) Right Now?
The 36-month beta value for HL is at 2.16. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for HL is 585.37M, and currently, shorts hold a 3.13% of that float. The average trading volume for HL on April 22, 2024 was 7.62M shares.
HL’s Market Performance
HL stock saw an increase of -2.03% in the past week, with a monthly gain of 22.92% and a quarterly increase of 32.42%. The volatility ratio for the week is 3.97%, and the volatility levels for the last 30 days are 5.41% for Hecla Mining Co. (HL). The simple moving average for the last 20 days is 4.88% for HL stock, with a simple moving average of 18.97% for the last 200 days.
Analysts’ Opinion of HL
Many brokerage firms have already submitted their reports for HL stocks, with ROTH MKM repeating the rating for HL by listing it as a “Buy.” The predicted price for HL in the upcoming period, according to ROTH MKM is $4.40 based on the research report published on October 13, 2023 of the previous year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see HL reach a price target of $5.50. The rating they have provided for HL stocks is “Outperform” according to the report published on September 14th, 2023.
National Bank Financial gave a rating of “Outperform” to HL, setting the target price at $7.50 in the report published on June 28th of the previous year.
HL Trading at 22.93% from the 50-Day Moving Average
After a stumble in the market that brought HL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.96% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +22.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.58% upper at present.
During the last 5 trading sessions, HL fell by -2.03%, which changed the moving average for the period of 200-days by +3.31% in comparison to the 20-day moving average, which settled at $5.11. In addition, Hecla Mining Co. saw 10.40% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HL starting from Johnson George R, who purchase 8,500 shares at the price of $4.07 back on Aug 22 ’23. After this action, Johnson George R now owns 25,773 shares of Hecla Mining Co., valued at $34,585 using the latest closing price.
Stock Fundamentals for HL
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.16 for the gross margin
The net margin for Hecla Mining Co. stands at -0.12. The total capital return value is set at -0.01. Equity return is now at value -4.27, with -2.84 for asset returns.
Based on Hecla Mining Co. (HL), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -0.71.
Currently, EBITDA for the company is 208.71 million with net debt to EBITDA at 2.96. When we switch over and look at the enterprise to sales, we see a ratio of 5.38. The receivables turnover for the company is 21.75for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, Hecla Mining Co. (HL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
