Hecla Mining Company [NYSE: HL] gained 16.53% or 1.25 points to close at $8.81 with a heavy trading volume of 24366084 shares. The company report on May 14, 2021 that Hecla Mining Company Releases 2020 Sustainability Report.
Hecla Mining Company (NYSE:HL) released its 2020 Sustainability Report, which comprehensively assembles the Company’s environmental, social and governance (ESG) goals, performance, and focus areas.
“The theme and title of this year’s report are Small Footprint, Large Benefit,” said Hecla President and Chief Executive Officer Phillips S. Baker, Jr. “Because our operations are low tonnage and mostly underground, they directly affect less than 3,900 acres, less than just one operation at many other mining companies. Yet we continually take steps to reduce our environmental footprint while providing long-term economic and social support to the communities where we operate.”.
It opened the trading session at $7.30, the shares rose to $7.60 and dropped to $7.24, the range by which the price of stock traded the whole day. The daily chart for HL points out that the company has recorded 68.77% gains over the past six months. However, it is still -223.9% lower than its most recent low trading price.
If we look at the average trading volume of 9.31M shares, HL reached to a volume of 24366084 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $7.15 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 2.70. 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.
Cantor Fitzgerald have made an estimate for Hecla Mining Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 19, 2021. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 27, 2020, representing the official price target for Hecla Mining Company stock. On July 17, 2020, analysts increased their price target for HL shares from 2.50 to 4.50.
The Average True Range (ATR) for Hecla Mining Company is set at 0.47, with the Price to Sales ratio for HL stock in the period of the last 12 months amounting to 5.81. The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 0.28. Price to Free Cash Flow for HL in the course of the last twelve months was 40.75 with Quick ratio for the last quarter at 1.90.
Trading performance analysis for HL stock
Hecla Mining Company [HL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.04. With this latest performance, HL shares gained by 38.09% in over the last four-week period, additionally plugging by 68.77% over the last 6 months – not to mention a rise of 194.65% 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 74.58, with the RSI for the last a single of trading hit 80.38, and the three-weeks RSI is set at 69.81 for Hecla Mining Company [HL]. The present Moving Average for the last 50 days of trading for this stock 6.40, while it was recorded at 7.63 for the last single week of trading, and 5.84 for the last 200 days.
Hecla Mining Company [HL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Hecla Mining Company [HL] shares currently have an operating margin of +10.06 and a Gross Margin at +20.69. Hecla Mining Company’s Net Margin is presently recorded at -2.37.
Return on Total Capital for HL is now 3.19, given the latest momentum, and Return on Invested Capital for the company is -0.76. Return on Equity for this stock declined to -0.99, with Return on Assets sitting at -0.63. When it comes to the capital structure of this company, Hecla Mining Company [HL] has a Total Debt to Total Equity ratio set at 31.35. Additionally, HL Total Debt to Total Capital is recorded at 23.87, with Total Debt to Total Assets ending up at 20.00. Long-Term Debt to Equity for the company is recorded at 30.79, with the Long-Term Debt to Total Capital now at 23.44.
Reflecting on the efficiency of the workforce at the company, Hecla Mining Company [HL] managed to generate an average of -$10,494 per employee. Receivables Turnover for the company is 18.25 with a Total Asset Turnover recorded at a value of 0.27.Hecla Mining Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.70.
Hecla Mining Company [HL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Hecla Mining Company posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. 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.
An analysis of insider ownership at Hecla Mining Company [HL]
There are presently around $2,867 million, or 62.20% 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 49,990,469, which is approximately -8.173% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 48,940,953 shares of the stock with an approximate value of $431.17 million in HL stocks shares; and BLACKROCK INC., currently with $377.96 million in HL stock with ownership of nearly 7.523% 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 122 institutional holders increased their position in Hecla Mining Company [NYSE:HL] by around 32,279,192 shares. Additionally, 117 investors decreased positions by around 22,152,643 shares, while 54 investors held positions by with 270,976,674 shares. The mentioned changes placed institutional holdings at 325,408,509 shares, according to the latest SEC report filing. HL stock had 44 new institutional investments in for a total of 4,714,968 shares, while 33 institutional investors sold positions of 2,836,407 shares during the same period.