Hecla Mining Company [NYSE:HL] shares are showing an active tape with a current price of $5.02 on Tuesday.
Hecla Mining Company is in the Basic Materials sector under the Gold industry. This week, we are watching the stock hit price per sales of 3.95 with an earning per share of -0.12.
For the year, the stock is trading 48.08% and the five-day change stands at -0.99%. As a point of reference, the S&P 500 is trading -1.42% YTD.
The Bears are coming
Holding a Market Cap of $2.72 billion, Hecla Mining Company has seen a trading range over the last year of $1.40-$6.79.
For the last five days, HL is down from its last closing price. The average shares trading hands each day is 11.71M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for HL. When we apply the Elder Force Index to Hecla Mining Company, we are seeing an Elder Force Indicator number of -2865836.43.
The recent performance of the stock is another area that can tell traders how to proceed. HL is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 15.40.
In the last quarter, HL made a profit of 34.08 million. Hecla Mining Company also saw quarter revenue growth year over year of 20.67%.
Looking at popular technical indicators, the company’s 5-day moving average is 5.14 compared to the 50-day moving average of 2.28%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. HL currently holds a 9-day RSI of 41.45%, while 100-day RSI stands at 53.56%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. HL’s 9-day MACD is 0.06 and the company’s 100-day MACD stands at 0.53.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 1.84% by insiders and 61.99% by institutions. Regarding institutional holdings, Van Eck Associates Corporation owns 9.18%, while the second top holder, Vanguard Group, Inc. (The), currently owns 9.13%.
Over the last six months, insiders have sold 35,000 with the most recent transaction from Rogers Terry V, Director, with a sell at price 5.96 per share.
Overall, the recommended rating for HL is Moderate Buy. Currently, the company has 8 analysts watching the stock, and the average quarterly earnings estimate is 0.03. Quarterly revenue estimates are averaging 181.53M with the high estimate reaching 199.68M and the low at 172M.
To review, the current 1-year target estimate is sitting at 6.50, while the current price 5.02. Based on this, we expect the stock to rise considering the aforementioned fundamentals.