Hecla Mining Co. [HL] fell -26.72% so far this year. What now?

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Hecla Mining Co. [NYSE: HL] closed the trading session at $4.07 on 10/31/23. The day’s price range saw the stock hit a low of $4.04, while the highest price level was $4.245. The company report on October 24, 2023 at 4:15 PM that Hecla Third Quarter 2023 Results Conference Call/Webcast and Virtual Investor Event.

Hecla Mining Company (NYSE:HL) will release its third quarter 2023 operational and financial results after the market close on Monday, November 6, 2023. The Company will hold a conference call and webcast on Tuesday, November 7, 2023 at 10:00 a.m. Eastern Time. Details are provided below.

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The stocks have a year to date performance of -26.72 percent and weekly performance of -2.63 percent. The stock has been moved at -32.01 percent over the last six months. The stock has performed 12.43 percent around the most recent 30 days and changed -23.02 percent over the most recent 3-months.

If compared to the average trading volume of 6.28M shares, HL reached to a volume of 9815883 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here’s what leading stock market gurus have to say about 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 $5.99 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 1.55. 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 MKM have made an estimate for Hecla Mining Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2023.

The Average True Range (ATR) for Hecla Mining Co. is set at 0.20, with the Price to Sales ratio for HL stock in the period of the last 12 months amounting to 3.49. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 0.17.

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HL stock trade performance evaluation

Hecla Mining Co. [HL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.63. With this latest performance, HL shares gained by 12.43% in over the last four-week period, additionally sinking by -32.01% over the last 6 months – not to mention a drop of -12.75% 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 48.74, with the RSI for the last a single of trading hit 47.37, and the three-weeks RSI is set at 47.79 for Hecla Mining Co. [HL]. The present Moving Average for the last 50 days of trading for this stock 4.08, while it was recorded at 4.13 for the last single week of trading, and 5.23 for the last 200 days.

Hecla Mining Co. [HL]: An insightful look at the core 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.

Hecla Mining Co. [HL]: Institutional Ownership

The top three institutional holders of HL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HL stock with ownership which is approximately 5.7994%.

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