Hecla Mining Co. (NYSE: HL)’s stock price has plunge by -5.29relation to previous closing price of 7.18. Nevertheless, the company has seen a 0.44% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-24 that The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Is It Worth Investing in Hecla Mining Co. (NYSE: HL) Right Now?
Additionally, the 36-month beta value for HL is 2.01. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for HL is 588.50M and currently, short sellers hold a 2.69% ratio of that float. The average trading volume of HL on September 30, 2024 was 9.59M shares.
HL’s Market Performance
HL’s stock has seen a 0.44% increase for the week, with a 13.90% rise in the past month and a 40.21% gain in the past quarter. The volatility ratio for the week is 4.80%, and the volatility levels for the past 30 days are at 4.66% for Hecla Mining Co. The simple moving average for the past 20 days is 8.13% for HL’s stock, with a 34.82% simple moving average for the past 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 15.56% 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 -8.11% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 4.80%, as shares surge +13.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.14% upper at present.
During the last 5 trading sessions, HL rose by +0.44%, which changed the moving average for the period of 200-days by +44.37% in comparison to the 20-day moving average, which settled at $6.33. In addition, Hecla Mining Co. saw 41.43% 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 Allen Kurt, who sale 108,612 shares at the price of $6.77 back on Sep 17 ’24. After this action, Allen Kurt now owns 173,700 shares of Hecla Mining Co., valued at $734,988 using the latest closing price.
Absolom Stuart Maurice, the VP – Principal Acctg. Officer of Hecla Mining Co., sale 4,499 shares at $4.91 during a trade that took place back on Jun 25 ’24, which means that Absolom Stuart Maurice is holding 69,036 shares at $22,068 based on the most recent closing price.
Stock Fundamentals for HL
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.12 for the gross margin
The net margin for Hecla Mining Co. stands at -0.06. The total capital return value is set at -0.01. Equity return is now at value -2.18, with -1.47 for asset returns.
Based on Hecla Mining Co. (HL), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -0.47.
Currently, EBITDA for the company is 208.71 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of 6.24. The receivables turnover for the company is 15.78for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In conclusion, Hecla Mining Co. (HL) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
