Hecla Mining Company [HL] is -22.39% lower this YTD. Is it still time to buy?

Hecla Mining Company [NYSE: HL] loss -0.74% on the last trading session, reaching $4.05 price per share at the time. The company report on August 8, 2022 that Hecla to Participate at John Tumazos Very Independent Research Conference.


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Hecla Mining Company’s (NYSE:HL) President and CEO, Phillips S. Baker, Jr., will present at the John Tumazos Very Independent Research, LLC Virtual Conference on Tuesday, August 9, 2022, at 11:00 a.m. Eastern Time. A webcast of the presentation will be available at https://register.gotowebinar.com/register/7141501066130939662. The presentation material will be available on the Company’s website at www.hecla-mining.com.

Hecla Mining Company represents 539.40 million in outstanding shares, while the company has a total market value of $2.34 billion with the latest information. HL stock price has been found in the range of $3.98 to $4.185.

If compared to the average trading volume of 6.64M shares, HL reached a trading volume of 5003198 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 $6.28 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 2.40. 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.

ROTH Capital have made an estimate for Hecla Mining Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 11, 2022. While these analysts kept the previous recommendation, ROTH Capital raised their target price from $6.25 to $6.50. The new note on the price target was released on April 13, 2022, representing the official price target for Hecla Mining Company stock. Previously, the target price had yet another raise to $7.50, while ROTH Capital analysts kept a Buy rating on HL stock.

The Average True Range (ATR) for Hecla Mining Company is set at 0.23, with the Price to Sales ratio for HL stock in the period of the last 12 months amounting to 3.09. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 0.34. Price to Free Cash Flow for HL in the course of the last twelve months was 51.17 with Quick ratio for the last quarter at 1.60.

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 0.50. With this latest performance, HL shares dropped by -10.60% in over the last four-week period, additionally sinking by -29.66% over the last 6 months – not to mention a drop of -33.23% 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 42.80, with the RSI for the last a single of trading hit 38.93, and the three-weeks RSI is set at 44.62 for Hecla Mining Company [HL]. The present Moving Average for the last 50 days of trading for this stock 4.17, while it was recorded at 4.18 for the last single week of trading, and 5.21 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 +9.82 and a Gross Margin at +20.51. Hecla Mining Company’s Net Margin is presently recorded at +4.34.

Return on Equity for this stock inclined to 2.03, with Return on Assets sitting at 1.30.

Hecla Mining Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.00.

An analysis of insider ownership at Hecla Mining Company [HL]

There are presently around $1,344 million, or 66.20% 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 52,376,408, which is approximately 3.815% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 51,539,494 shares of the stock with an approximate value of $208.74 million in HL stocks shares; and BLACKROCK INC., currently with $164.75 million in HL stock with ownership of nearly 2.145% of the company’s market capitalization.

Positions in Hecla Mining Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 150 institutional holders increased their position in Hecla Mining Company [NYSE:HL] by around 19,914,693 shares. Additionally, 125 investors decreased positions by around 28,611,772 shares, while 55 investors held positions by with 283,381,776 shares. The mentioned changes placed institutional holdings at 331,908,241 shares, according to the latest SEC report filing. HL stock had 44 new institutional investments in for a total of 2,452,598 shares, while 41 institutional investors sold positions of 5,803,694 shares during the same period.

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