Hecla Mining Co. (NYSE: HL)’s stock price has soared by 4.60 in relation to previous closing price of 6.69. Nevertheless, the company has seen a gain of 5.54% in its stock price over the last five trading days. businesswire.com reported 2024-10-16 that COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Hecla Mining Company (NYSE:HL) is pleased to announce the appointment of Jill Satre to its Board of Directors, effective October 16, 2024. Ms. Satre is currently the Vice President of Internal Audit & Corporate Compliance at TC Energy, a major North American energy company, where she provides strategic direction and oversight for compliance, risk management, and internal controls over financial reporting. “We are thrilled to welcome Jill Satre to our B.
Is It Worth Investing in Hecla Mining Co. (NYSE: HL) Right Now?
The 36-month beta value for HL is also noteworthy at 1.99. 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 at present, short sellers hold a 2.98% of that float. The average trading volume of HL on October 18, 2024 was 9.87M shares.
HL’s Market Performance
HL’s stock has seen a 5.54% increase for the week, with a 4.75% rise in the past month and a 18.40% gain in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 3.73% for Hecla Mining Co. The simple moving average for the last 20 days is 4.44% for HL’s stock, with a simple moving average of 34.95% 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 11.92% 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 -5.44% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares surge +3.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.02% upper at present.
During the last 5 trading sessions, HL rose by +5.81%, which changed the moving average for the period of 200-days by +59.79% in comparison to the 20-day moving average, which settled at $6.70. In addition, Hecla Mining Co. saw 45.54% 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 Aguiar Rodriguez Carlos Robert, who purchase 5 shares at the price of $6.76 back on Oct 02 ’24. After this action, Aguiar Rodriguez Carlos Robert now owns 197,359 shares of Hecla Mining Co., valued at $34 using the latest closing price.
Allen Kurt, the VP-Exploration of Hecla Mining Co., sale 108,612 shares at $6.77 during a trade that took place back on Sep 17 ’24, which means that Allen Kurt is holding 173,700 shares at $734,988 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 6.46. 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 summary, Hecla Mining Co. (HL) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
