Long Story Short: Time To Watch Hecla Mining Company (HL)

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.