The surge in insider buying at Hecla Mining Company (NYSE:HL) is picking up steam with the 12-month sell/buy ratio now at 0.1 to 1. HL corporate insiders offloaded 142,174 shares over a year when buyers snapped up 1,371,630 shares in the same time frame.
Hall Lindsay A gathered a total of 13 thousand shares of Hecla Mining Company (HL) at average share price of $3.81. This insider trade in the company took place on 12/15/2017. The total for the purchase was set at $49.53 thousand. After this transaction, the Sr. Vice President & CFO account balance stood at 139.48 thousand shares. The stock lost -38.58 percent since that insider purchase. On 12/14/2017, Baker Phillips S Jr, President & CEO, purchased 13 thousand shares at a price per share of $3.76. This added 48.88 thousand shares to the insider’s fortune and the stock saw a -37.77 percent retreat in value since the news became public. This transaction left 3.15 million shares in the President & CEO account.
On 12/07/2017, Director Crumley Theodore performed a purchase transaction worth $34.9 thousand. This purchase at $3.49 each has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -32.95 percent decrease since the transaction was reported. The insider now is left with 126.54 thousand shares remaining in the account. Nethercutt George R Jr, who performs the Director job, sold 62.5 thousand shares for $327.5 thousand. The disposal occurred on 10/13/2017 was priced at $5.24 per share. The share price plunged -55.34 percent since the reporting date. Nethercutt George R Jr now left with a stake of 14.37 thousand HL stock worth $33.62 thousand after the insider selling.
The 12-month median price target for Hecla Mining Company (HL) assigned by the analysts stands at $3.5, which represents a return potential of 49.57 percent when compared to the closing price of the stock of $2.34 on Thursday, December 06. The lowest price target for the stock is $2.5 — slightly more than 6.84 percent from HL’s current share price. The stock will probably climb 64.96 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $7-month high price target. This represents a whopping 199.15 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 42.34 on daily chart, which may remain a cause for concern. If the price breaks below $2.2 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.41 mark may result into a pull-back move towards $2.47 level. The stock is currently hovering around the first support level of $2.27. Below this, the next support is placed in the zone of $2.2. Till the time, the HL stock trades above this level, bulls have nothing to fear.
Shares of Hecla Mining Company (HL) are trading at a P/E ratio of 43.39 times earnings reported for the past 12 months. The industry HL operates in has an average P/E of 9.47. Its P/E ratio went as low as 29.57X and as high as 120.45 over the 5-year span. Further, it is sporting a 1.93 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4.47. 21.6 percent is the gross profit margin for Hecla Mining Company and operating margin sits at 1.5 percent. Along with this, the net profit margin is -5.3 percent.
On 6th of December, Hecla Mining Company (NYSE:HL) shares ended lower after a volatile session. The shares dropped -0.03 points or -1.27 percent at $2.34 with a heavy trade volume of 6.124 million shares. After opening the session at $2.35, the shares went as high as $2.405 and as low as $2.27, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.14 billion and now has 488.28 million shares outstanding. Hecla Mining Company (HL) stock has lost -9.65 percent of market value in 21 trading days.
In last reported earnings results, HL earned -$0.06 per share, worse than the -$0.03, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $144M, worse than the $159M analysts expected. Earnings are estimated to increase by -176.8 percent this year, 133.3 percent next year and continue to increase by 0 percent annually for the next 5 years. Investors will get their next glimpse of HL’s Q4 earnings on February 20. Analysts are forecasting revenue to suffer decline of -1.9 percent to $157M in the next fiscal quarter, while earnings are seen soaring by nearly -200 percent to -$0.04 per share. History has shown that shares in Hecla Mining Company have gone up on 21 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings.
HL stock has a trailing 3-year beta of 0.44, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.15 a share in the trailing twelve months. The stock’s value has fallen -41.06 percent year to date (YTD) against a decline of -35 percent in 12 month’s time. The company’s shares still trade -49.46 percent away from its 1-year high of $4.63 and 7.83 percent up from 52-week low of $2.17. The average consensus rating on the company is 2.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.