Hecla Mining stock: buy or sell?

HL stock price: $1.58 -2.47% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

1

Hecla Mining shares dropped -2.47% to $1.58 today. On August 14th HL plunged a spooky -6.94%.

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide.

Should I buy Hecla Mining stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Hecla Mining stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean HL will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Hecla Mining stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 11 ratings published for HL stock in the last 30 days.

Is HL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-8HC Wainwrightn/aBuy
2019-8-7Canaccord GenuityHoldSell
2019-8-19HC Wainwrightn/aBuy
2019-5-10JPMorgan Chase & Co.OverweightNeutral
2019-3-1B. RileyNeutralNeutral
2019-3-1B. Rileyn/aNeutral
2019-2-15HC Wainwrightn/aBuy
2019-1-8Canaccord GenuityHoldBuy
2019-1-17Royal Bank of CanadaSector PerformUnderperform
2019-1-16HC Wainwrightn/aBuy
2019-1-15Canaccord GenuityBuyHold

Hecla Mining stock analysis

Daily outlook

Shares of Hecla Mining dropped a tragic -2.47% and closed at $1.58.

Shares of Hecla Mining dropped a tragic -2.47% and closed at $1.58.

HL stock chart (daily)

Weekly outlook

After sliding a bloodcurdling -8.28% in a week last week, Hecla Mining closed this week at $1.58 and climbed an amazing 8.97%.

If you observe the weekly chart, price is in a simple uptrend, tested $1.38 level and now climbing back aiming its last top at $2.08. Since early August, when HL stock price broke down the 20-weeks moving avarage line, it slid $-0.31 per share (-16.40%).

HL stock chart (weekly)

Hecla Mining stock price history

Hecla Mining stock went public on March 17th, 1980 with a price of $18.771. Since then, HL stock lost a -91.60%, with a yearly average of -2.30%.

1: Adjusted price after possible price splits or reverse-splits.

Hecla Mining stock historical price chart

HL stock reached 52-week highs on September at $3.10, and all-time highs 1980-09-23 with a price of 33.36.

Hecla Mining stock price target is $4.20

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' HL stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 6 price predictions for Hecla Mining stock:
HL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-8HC WainwrightReiteratesn/a$2.75-
2019-8-19HC WainwrightRaises Target$3.00$3.7525%
2019-3-1B. RileyReiterates$3.50$3.00-14.3%
2019-3-1B. RileyInitiatesn/a$3.00-
2019-2-15HC WainwrightReiteratesn/a$7.00-
2019-1-16HC WainwrightReiteratesn/a$5.50-
(in average)$3.30$4.2027.0%
Moving in a range from $7.00 and $2.75, the price prediction for HL stock is $4.20. In average, analysts' outlook on HL price forecast is positive, upgrading the forecast by a 27.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Hecla Mining reported brilliant results for 2018-Q4 on February. Hecla Mining soared Earnings per Share (EPS) by 20.00%, beating experts of $-0.05. Hecla Mining posted $-0.06.
HL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.04n/a
2017-Q2-n/a-0.07n/a
2017-Q32017-11-070.020.04100.0%
2017-Q42018-02-150.020.04100.0%
2018-Q12018-05-10n/a0.02n/a
2018-Q22018-08-09n/a0.01n/a
2018-Q32018-11-08-0.03-0.04n/a
2018-Q42019-02-21-0.05-0.06n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a bad decrease of -3.73% to $591.31 M USD. When comparing 2018 vs 2017, slightly better, profit margin (that is, the net income divided by revenues) remained stable a 0.15% to -4.49%.

HL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$383 M-$-25.13 M-6.6%-
2014$560 M46.33%$18 M3.2%-170.93%
2015$504 M-9.93%$-86.97 M-17.2%-587.93%
2016$710 M40.81%$70 M9.8%-179.97%
2017$614 M-13.49%$-28.52 M-4.6%-141.01%
2018$591 M-3.73%$-26.56 M-4.5%-6.86%

Quarterly financial results

Hecla Mining reported $140.17 million in revenues for 2018-Q4, a -6.04% decline compared to previous quarter. Reported quarter income marked $-23.69 M with a profit margin of -16.90%. Profit margin depreciated a -1.36% compared to previous quarter when profit margin was -15.54%. When comparing turnover to same quarter last year, Hecla Mining sales marked a frightening correction and plummed a -16.33%. Looking back to recent quarterly results, Hecla Mining posted 2 negative quarters in a row.
HL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$147 M-$26.83 M18.3%-
2017-Q2$133 M-8.97%$-24.02 M-18.0%-189.53%
2017-Q3$148 M10.53%$1.41 M1.0%-105.88%
2017-Q4$168 M13.55%$-23.97 M-14.3%-1,797.31%
2018-Q1$148 M-11.89%$8.24 M5.6%-134.38%
2018-Q2$154 M4.58%$12.07 M7.8%46.53%
2018-Q3$149 M-3.36%$-23.18 M-15.5%-292.02%
2018-Q4$140 M-6.04%$-23.69 M-16.9%2.20%

Hecla Mining ownership

When you are planning to invest in a stock, it's worth to overview its ownership structure.

Hecla Mining shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.64% of all shares.

In case of Hecla Mining stock, 65.52% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HL stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

HLAGAUMNCDEEXK
Market cap$768.2 M$2.1 B$24.3 M$1.0 B$320.8 M
Total shares486.2 M200.6 M97.2 M205.1 M131.5 M
Float shares483.9 M179.1 M57.9 M218.4 M130.8 M
  - Institutional holdings (%)65.5%0.0%46.8%72.6%0.0%
  - Insider holdings (%)1.6%0.0%1.4%1.8%0.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Hecla Mining summary

Thursday, August 22nd, 2019
Open$1.61
Close$1.58
Day range$1.58 - $1.65
Previous close$1.62
Session gain-2.47%
Average true range$0.15
50d mov avg$1.75
100d mov avg$1.79
200d mov avg$2.13
Daily patternlt02a
Weekly pattern lb01a

Hecla Mining performance

To better understand Hecla Mining performance you must becnhmark its gains with other related stocks in same sector or industry. We chose First Majestic Silver, Golden Minerals, Coeur Mining, Endeavour Silver, MAG Silver, Pan American Silver, SSR Mining, Silvercorp Metals and Wheaton Precious Metals as the bechmarking frame for Hecla Mining stock.
Stock3m6m12m
HLHecla Mining13.67%-38.76%-44.76%
AGFirst Majestic Si...81.83%56.69%87.11%
AUMNGolden Minerals0.00%-28.57%-3.85%
CDECoeur Mining73.17%-4.97%-11.88%
EXKEndeavour Silver40.23%-2.40%4.72%
MAGMAG Silver29.83%21.89%50.95%
PAASPan American Silv...59.50%17.77%6.71%
SSRMSSR Mining41.53%7.99%74.41%
SVMSilvercorp Metals75.47%38.29%39.85%
WPMWheaton Precious ...33.66%22.19%52.51%

Hecla Mining competitors

One check before trading any stock is to review a list of its competitors, in this case for Hecla Mining. We picked 9 companies as Hecla Mining competitors as they are in the same industry or have similar market objectives.