Hecla Mining Co (NYSE: HL) – Time For Strategy Change?

Hecla Mining Co (NYSE:HL) currently has a daily average trading volume of 11.77M but it saw 9871248 shares traded in last market. With a market cap of 3.62B USD, the company’s current market price of $5.69 came rising about 1.07 while comparing to the previous closing price of $5.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.68 and as low as $3.33. In the recent trading on the day, stock has struck highest price mark of $5.5909 while lowest mark touched by it was $5.74.

Taking a look at 20-day trading activity of Hecla Mining Co (HL) gives us an average price of $6.06, while its current price level is -25.91% below from 52-week high level whereas it is 70.94% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.50 while that of 200 days or SMA-200 reads an average of $5.45. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.61% during that period while stretching the period over a month that increases to 4.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.81 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the ROTH MKM which upgraded the stock as “Buy” in its note to investors issued on October 13, 2023, recommending a price target of between $4 and $4.40 for it. National Bank Financial issued its recommendations for the stock as it initiated the price target for the stock is $7.50.

Over the week, HL’s stock price is moving 1.61% up while it is -20.53% when we observe its performance for the past one month. Year-to-date it is 18.34% up and over the past year, the stock is showing an upside performance of 21.70%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.04 beaten by the consensus estimate of -0.03 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0.06 while estimate for next year EPS is 0.12. In next quarter, company is expected to be making quarterly sales of $204.9M as analysts are expecting the sales for current fiscal year at $926.82M and seeing the company making $994.83M in sales next year. Moreover, analysts are in estimates of $244.24M for current-quarter revenue.

Currently, Hecla Mining Co’s total number of outstanding shares is 599.08M with 6.30% of that held by the insiders while 70.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.77% and return on equity (ROE) at -0.95%. It has a 22.99 of forward P/E ratio. Stock’s beta reads 1.96. Stock has a price to book (P/B) ratio of 1.75 while price to sale or P/S ratio amounts to 4.31. Its return on asset (ROA) is -0.64% on average.