The stock of Hecla Mining Co. (NYSE: HL) has increased by 1.19 when compared to last closing price of 5.05.Despite this, the company has seen a loss of -3.77% in its stock price over the last five trading days. InvestorPlace reported 2024-04-24 that You don’t need much to understand the incentive for gold stocks to buy. Just open a newspaper (or a news app for the modern audience).
Is It Worth Investing in Hecla Mining Co. (NYSE: HL) Right Now?
HL has 36-month beta value of 2.19. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for HL is 584.61M, and currently, short sellers hold a 3.61% ratio of that float. The average trading volume of HL on April 29, 2024 was 8.05M shares.
HL’s Market Performance
HL stock saw an increase of -3.77% in the past week, with a monthly gain of 13.81% and a quarterly increase of 28.07%. The volatility ratio for the week is 4.31%, and the volatility levels for the last 30 days are 5.34% for Hecla Mining Co. (HL). The simple moving average for the last 20 days is -3.24% for HL’s stock, with a simple moving average of 14.50% 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 14.00% 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 -18.80% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares surge +6.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.55% upper at present.
During the last 5 trading sessions, HL fell by -3.77%, which changed the moving average for the period of 200-days by -12.35% in comparison to the 20-day moving average, which settled at $5.30. In addition, Hecla Mining Co. saw 6.24% 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 5.21. 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
To put it simply, Hecla Mining Co. (HL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
