The stock price of Hecla Mining Co. (NYSE: HL) has plunged by -6.66 when compared to previous closing price of 5.33, but the company has seen a -11.95% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-01 that Hecla Mining (HL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HL broke through the 20-day moving average, which suggests a short-term bullish trend.
Is It Worth Investing in Hecla Mining Co. (NYSE: HL) Right Now?
The stock has a 36-month beta value of 2.01. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for HL is 584.92M, and at present, short sellers hold a 3.27% of that float. On August 02, 2024, the average trading volume of HL was 8.85M shares.
HL’s Market Performance
HL stock saw a decrease of -11.95% in the past week, with a monthly decline of -3.96% and a quarterly a decrease of 4.34%. The volatility ratio for the week is 5.31%, and the volatility levels for the last 30 days are 4.42% for Hecla Mining Co. (HL). The simple moving average for the last 20 days is -13.49% for HL stock, with a simple moving average of 4.80% 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 -9.98% 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 -21.65% of loss for the given period.
Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares sank -4.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.34% lower at present.
During the last 5 trading sessions, HL fell by -11.77%, which changed the moving average for the period of 200-days by +20.12% in comparison to the 20-day moving average, which settled at $5.74. In addition, Hecla Mining Co. saw 3.47% 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 Clary Michael L., who sale 30,634 shares at the price of $4.91 back on Jun 25 ’24. After this action, Clary Michael L. now owns 351,972 shares of Hecla Mining Co., valued at $150,260 using the latest closing price.
Brown Robert Denis, the VP – Corp. Develop & Sustain. of Hecla Mining Co., sale 24,792 shares at $4.91 during a trade that took place back on Jun 25 ’24, which means that Brown Robert Denis is holding 607,649 shares at $121,605 based on the most recent closing price.
Stock Fundamentals for HL
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.13 for the gross margin
The net margin for Hecla Mining Co. stands at -0.12. The total capital return value is set at -0.02. Equity return is now at value -4.39, with -2.93 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 0.08. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -1.05.
Currently, EBITDA for the company is 208.71 million with net debt to EBITDA at 3.24. When we switch over and look at the enterprise to sales, we see a ratio of 5.18. The receivables turnover for the company is 14.13for 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 1.67.
Conclusion
To sum up, Hecla Mining Co. (HL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
