Hecla Mining Company (HL) Technical Analysis: What Are The Charts Saying?

Considering all key technical indicators, a 16% Buy signal has occurred for Hecla Mining Company (NYSE:HL). The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the HL’s short-term trajectory should know that short terms indicators for the stock averaged 40% Buy with an average daily trading volume over the past 20 days at 4304170 shares. HL stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 5119754 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $2.56. Below this, the next support is placed in the zone of $2.53. Till the time, the HL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 51.83 on daily chart, which may remain a cause for concern. If the price breaks below $2.53 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.61 mark may result into a pull-back move towards $2.63 level.

Hecla Mining Company (HL) is projected to climb by 28.68 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $5.5 price as 12-month high target. This represents a whopping 113.18 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $3, which represents a return potential of 16.28 percent when compared to the closing price of the stock of $2.58 on Monday, February 11. The lowest price target for the stock is $2.5 — slightly more than -3.1 percent from HL’s current share price.

Here’s a rundown of insider trading activity for sense of Hecla Mining Company (NYSE:HL). 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 -32.28 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 -31.38 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 -26.07 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 -50.76 percent since the reporting date. Nethercutt George R Jr now left with a stake of 14.37 thousand HL stock worth $37.07 thousand after the insider selling.

HL shares dropped -0.05 points or -1.9 percent on Monday to $2.58 with a light trade volume of 1.841 million shares. After opening the session at $2.56, the shares went as high as $2.61 and as low as $2.56, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.21 billion and now has 469.24 million shares outstanding. Hecla Mining Company (HL) stock has lost -7.53 percent of market value in 21 trading days.

Analysts at RBC Capital Mkts cut their rating on shares of Hecla Mining Company (NYSE:HL) from Sector Perform to Underperform in their opinion released on January 17. Canaccord Genuity analysts bumped their recommendation on HL stock from Hold to Buy in a separate flash note to investors on January 08. Analysts at Canaccord Genuity downgraded the stock to a Sell call from its previous Hold stance, in a research note that dated back to October 11.

HL stock has a trailing 3-year beta of 0.46, 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 9.32 percent year to date (YTD) against a decline of -28.13 percent in 12 month’s time. The company’s shares still trade -37.83 percent away from its 1-year high of $4.15 and 18.89 percent up from 52-week low of $2.17. The average consensus rating on the company is 2.8, 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 0 times earnings reported for the past 12 months. The industry HL operates in has an average P/E of 13.94. Its P/E ratio went as low as 29.57X and as high as 57.74 over the 5-year span. Further, it is sporting a 2.05 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.94. 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.

HL will be declaring its Q4 financial results on February 20. Analysts are forecasting revenue to suffer decline of -5 percent to $152M in the next fiscal quarter, while earnings are seen soaring by nearly -225 percent to -$0.05 per share. History has shown that shares in Hecla Mining Company have gone up on 22 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. In last reported earnings results, it 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, 85.7 percent next year and continue to increase by 0 percent annually for the next 5 years.