why Hecla Mining Company [HL] is a Good Choice for Investors After New Price Target of $5.78

Hecla Mining Company [NYSE: HL] loss -6.37% or -0.33 points to close at $4.85 with a heavy trading volume of 6817294 shares. The company report on November 25, 2022 that Hecla to Participate in Upcoming Conferences.


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Hecla Mining Company (NYSE:HL) announced today that representatives of the Company will present and participate at multiple investor conferences on Monday, November 28, 2022 and Wednesday, November 30, 2022. Details of the conferences are below.

It opened the trading session at $5.13, the shares rose to $5.155 and dropped to $4.83, the range by which the price of stock traded the whole day. The daily chart for HL points out that the company has recorded -1.02% loss over the past six months. However, it is still -42.23% lower than its most recent low trading price.

If we look at the average trading volume of 8.08M shares, HL reached to a volume of 6817294 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 $5.78 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 2.30. 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.

Canaccord Genuity have made an estimate for Hecla Mining Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, ROTH Capital dropped their target price from $6.50 to $6.25. The new note on the price target was released on May 11, 2022, representing the official price target for Hecla Mining Company stock. Previously, the target price had yet another raise from $6.25 to $6.50, while ROTH Capital kept a Neutral rating on HL stock.

The Average True Range (ATR) for Hecla Mining Company is set at 0.27, with the Price to Sales ratio for HL stock in the period of the last 12 months amounting to 4.11. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 0.24.

Trading performance analysis for HL stock

Hecla Mining Company [HL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.62. With this latest performance, HL shares gained by 2.11% in over the last four-week period, additionally sinking by -1.02% over the last 6 months – not to mention a drop of -13.05% 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 50.95, with the RSI for the last a single of trading hit 47.60, and the three-weeks RSI is set at 52.34 for Hecla Mining Company [HL]. The present Moving Average for the last 50 days of trading for this stock 4.50, while it was recorded at 5.04 for the last single week of trading, and 4.93 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 1.20 and a Current Ratio set at 1.80.

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

There are presently around $1,626 million, or 58.90% of HL stock, in the hands of institutional investors. The top three institutional holders of HL stocks are: VANGUARD GROUP INC with ownership of 52,765,176, which is approximately 2.378% of the company’s market cap and around 1.30% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 50,930,908 shares of the stock with an approximate value of $247.01 million in HL stocks shares; and BLACKROCK INC., currently with $203.55 million in HL stock with ownership of nearly 3.169% of the company’s market capitalization.

Positions in Hecla Mining Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 150 institutional holders increased their position in Hecla Mining Company [NYSE:HL] by around 23,272,310 shares. Additionally, 128 investors decreased positions by around 29,209,057 shares, while 61 investors held positions by with 282,696,824 shares. The mentioned changes placed institutional holdings at 335,178,191 shares, according to the latest SEC report filing. HL stock had 29 new institutional investments in for a total of 3,043,308 shares, while 53 institutional investors sold positions of 11,741,642 shares during the same period.

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