Market Analysts see Hecla Mining Company [HL] gaining to $4.50. Time to buy?

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Hecla Mining Company [NYSE: HL] traded at a low on 07/28/20, posting a -0.91 loss after which it closed the day’ session at $5.46. The company report on July 10, 2020 that Hecla Reports Strong Production and Cash Generation.

Reduced borrowing under revolving credit facility by $150 million .

Hecla Mining Company (NYSE:HL) today announced preliminary production results and its cash position at the end of the second quarter as well as a new investment by Investissement Quebec.¹.

The results of the trading session contributed to over 11829007 shares changing hands. Over the past one week, the price volatility of Hecla Mining Company stands at 7.34% while the volatility over the past one month is 7.27%.

The market cap for HL stock reached $2.83 billion, with 523.22 million shares outstanding and 516.30 million shares in the current float. Compared to the average trading volume of 10.73M shares, HL reached a trading volume of 11829007 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Hecla Mining Company [HL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HL shares is $3.99 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HL stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Hecla Mining Company shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on July 17, 2020. The new note on the price target was released on July 14, 2020, representing the official price target for Hecla Mining Company stock.

The Average True Range (ATR) for Hecla Mining Company is set at 0.31, with the Price to Sales ratio for HL stock in the period of the last 12 months amounting to 4.31. The Price to Book ratio for the last quarter was 1.72.

How has HL stock performed recently?

Hecla Mining Company [HL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.64. With this latest performance, HL shares gained by 84.46% in over the last four-week period, additionally plugging by 89.58% over the last 6 months – not to mention a rise of 185.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HL stock in for the last two-week period is set at 75.32, with the RSI for the last a single of trading hit 78.39, and the three-weeks RSI is set at 73.42 for Hecla Mining Company [HL]. The present Moving Average for the last 50 days of trading for this stock 3.61, while it was recorded at 5.33 for the last single week of trading, and 2.85 for the last 200 days.

Hecla Mining Company [HL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hecla Mining Company [HL] shares currently have an operating margin of -7.30 and a Gross Margin at +1.03. Hecla Mining Company’s Net Margin is presently recorded at -14.76.

Return on Total Capital for HL is now -2.21, given the latest momentum, and Return on Invested Capital for the company is -4.48. Return on Equity for this stock declined to -5.89, with Return on Assets sitting at -3.73. When it comes to the capital structure of this company, Hecla Mining Company [HL] has a Total Debt to Total Equity ratio set at 31.54. Additionally, HL Total Debt to Total Capital is recorded at 23.98, with Total Debt to Total Assets ending up at 20.24. Long-Term Debt to Equity for the company is recorded at 30.89, with the Long-Term Debt to Total Capital now at 23.48.

Reflecting on the efficiency of the workforce at the company, Hecla Mining Company [HL] managed to generate an average of -$61,379 per employee. Receivables Turnover for the company is 21.00 with a Total Asset Turnover recorded at a value of 0.25.Hecla Mining Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.90.

Earnings analysis for Hecla Mining Company [HL]

With the latest financial reports released by the company, Hecla Mining Company posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -75.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HL.

Insider trade positions for Hecla Mining Company [HL]

There are presently around $1,706 million, or 62.30% of HL stock, in the hands of institutional investors. The top three institutional holders of HL stocks are: VAN ECK ASSOCIATES CORP with ownership of 50,069,059, which is approximately -7.148% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 47,055,629 shares of the stock with an approximate value of $256.92 million in HL stocks shares; and BLACKROCK INC., currently with $208.93 million in HL stock with ownership of nearly 3.967% of the company’s market capitalization.

Positions in Hecla Mining Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 102 institutional holders increased their position in Hecla Mining Company [NYSE:HL] by around 40,118,741 shares. Additionally, 78 investors decreased positions by around 30,596,126 shares, while 52 investors held positions by with 241,822,126 shares. The mentioned changes placed institutional holdings at 312,536,993 shares, according to the latest SEC report filing. HL stock had 34 new institutional investments in for a total of 6,636,352 shares, while 31 institutional investors sold positions of 10,063,831 shares during the same period.

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