Hecla Mining Company (HL) will probably climb 34.89 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $7 price as 12-month high target. This represents a whopping 151.8 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $3.25, which represents a return potential of 16.91 percent when compared to the closing price of the stock of $2.78 on Tuesday, January 08. The lowest price target for the stock is $2.5 — slightly more than -10.07 percent from HL’s current share price.
The stock is currently hovering around the first support level of $2.62. Below this, the next support is placed in the zone of $2.45. Till the time, the HL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 65.29 on daily chart, which may remain a cause for concern. If the price breaks below $2.45 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.88 mark may result into a pull-back move towards $2.97 level.
On 8th of January, Hecla Mining Company (NYSE:HL) shares ended higher after a volatile session. The shares accumulated 0.23 points or 9.02 percent at $2.78 with a heavy trade volume of 9.561 million shares. After opening the session at $2.59, the shares went as high as $2.81 and as low as $2.55, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.28 billion and now has 459.73 million shares outstanding. Hecla Mining Company (HL) stock has gained 18.8 percent of market value in 21 trading days.
HL stock has a trailing 3-year beta of 0.34, 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 surged 17.8 percent year to date (YTD) against a decline of -31.36 percent in 12 month’s time. The company’s shares still trade -39.96 percent away from its 1-year high of $4.63 and 28.11 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.
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 2.16 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.
Let’s take a look at some insider activity at Hecla Mining Company (NYSE:HL) and see the pattern. The earliest insider trade took place on 12/15/2017. Hall Lindsay A gathered a total of 13 thousand shares of company at average share price of $3.81. 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 -33.07 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 -32.18 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 -26.93 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 -51.34 percent since the reporting date. Nethercutt George R Jr now left with a stake of 14.37 thousand HL stock worth $39.95 thousand after the insider selling.