BMO Capital Markets slashes price target on Hecla Mining Co. [HL] – find out why.

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Hecla Mining Co. [NYSE: HL] stock went on an upward path that rose over 0.75% on Monday, amounting to a one-week price decrease of less than -4.30%. The company report on September 18, 2023 at 6:00 AM that Hecla Announces Lucky Friday Update.

Hecla Mining Company (NYSE:HL) announced an update regarding the Lucky Friday mine on the previously reported fire in the mine’s secondary egress, the #2 shaft.

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The fire has been extinguished, normal ventilation has been established, and the workforce has been recalled. The Company is bringing the mine back into production by developing a new secondary egress to bypass the damaged portion of the shaft. The new egress will extend an existing ramp 1,600 feet and install a 290-foot-long manway raise.

Over the last 12 months, HL stock rose by 0.86%. The one-year Hecla Mining Co. stock forecast points to a potential upside of 37.73. The average equity rating for HL stock is currently 1.80, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $2.48 billion, with 599.49 million shares outstanding and 573.24 million shares in the current float. Compared to the average trading volume of 6.16M shares, HL stock reached a trading volume of 3830613 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Hecla Mining Co. [HL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HL shares is $6.44 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 1.80. 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.

BMO Capital Markets have made an estimate for Hecla Mining Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 14, 2023.

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The Average True Range (ATR) for Hecla Mining Co. is set at 0.18, with the Price to Sales ratio for HL stock in the period of the last 12 months amounting to 3.44. 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 0.17.

HL Stock Performance Analysis:

Hecla Mining Co. [HL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.30. With this latest performance, HL shares dropped by -7.60% in over the last four-week period, additionally sinking by -32.11% over the last 6 months – not to mention a rise of 0.86% 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 39.18, with the RSI for the last a single of trading hit 40.33, and the three-weeks RSI is set at 39.01 for Hecla Mining Co. [HL]. The present Moving Average for the last 50 days of trading for this stock 4.75, while it was recorded at 4.01 for the last single week of trading, and 5.45 for the last 200 days.

Insight into Hecla Mining Co. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Hecla Mining Co. [HL] shares currently have an operating margin of +0.71 and a Gross Margin at +8.74. Hecla Mining Co.’s Net Margin is presently recorded at -5.24.

Return on Total Capital for HL is now 0.21, given the latest momentum, and Return on Invested Capital for the company is -1.56. Return on Equity for this stock declined to -2.00, with Return on Assets sitting at -1.32. When it comes to the capital structure of this company, Hecla Mining Co. [HL] has a Total Debt to Total Equity ratio set at 27.08. Additionally, HL Total Debt to Total Capital is recorded at 21.31, with Total Debt to Total Assets ending up at 18.31. Long-Term Debt to Equity for the company is recorded at 26.60, with the Long-Term Debt to Total Capital now at 20.93.

Reflecting on the efficiency of the workforce at the company, Hecla Mining Co. [HL] managed to generate an average of -$20,188 per employee. Receivables Turnover for the company is 14.20 with a Total Asset Turnover recorded at a value of 0.25.Hecla Mining Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.71.

HL Stock EPS

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hecla Mining Co. go to 30.95%.

Hecla Mining Co. [HL] Institutonal Ownership Details

The top three institutional holders of HL stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in HL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in HL stock with ownership which is approximately 5.7381%.

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