Hecla Story

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HL -- USA Stock  

USD 5.18  0.11  2.17%

It appears without question that Hecla Mining may not have a good chance to recover from the new pull down as its shares fell again. Hecla Mining's current daily volatility is 4.21 percent, with a beta of -0.24 and an alpha of -0.17 over DOW. As many millenniums are trying to avoid the new volatility, we are going to summarize Hecla Mining a little further to understand its historical price patterns. We will evaluate why recent Hecla Mining price moves suggest a bounce in December.
Published over three weeks ago
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What does a new Hecla Mining volatility pull down mean for stakeholders?
Hecla Mining reports roughly 75.92 M in cash with 154.61 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. We provide advice to complement the regular expert consensus on Hecla Mining. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time.
Investing in Hecla Mining, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Hecla Mining along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Hecla Mining's Liquidity

Hecla Mining financial leverage refers to using borrowed capital as a funding source to finance Hecla Mining ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Hecla Mining financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Hecla Mining's total debt and its cash.

How Hecla utilizes its cash?

To perform a cash flow analysis of Hecla Mining, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Hecla Mining is receiving and how much cash it distributes out in a given period. The Hecla Mining cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Hecla Mining Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 128.27 Million

Hecla Mining Correlation with Peers

Investors in Hecla can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Hecla Mining. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Hecla Mining and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Hecla is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Hecla for more details

Breaking down Hecla Mining Indicators

Hecla Mining holds Efficiency (Sharpe) Ratio of -0.0099, which attests that the entity had -0.0099% of return per unit of risk over the last month. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Hecla Mining exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hecla Mining market risk adjusted performance of 0.7564, and Risk Adjusted Performance of (0.03758) to validate the risk estimate we provide.
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Hecla Mining new pull down is reassuring

The standard deviation is down to 4.37 as of today. Hecla Mining exhibits very low volatility with skewness of 0.43 and kurtosis of 2.12. However, we advise investors to further study Hecla Mining technical indicators to make sure all market info is available and is reliable.

Our Conclusion on Hecla Mining

While other companies in the gold industry are either recovering or due for a correction, Hecla may not be as strong as the others in terms of longer-term growth potentials. The inconsistency in the assessment between current Hecla valuation and our trade advice on Hecla Mining is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Hecla Mining.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Hecla Mining. Please refer to our Terms of Use for any information regarding our disclosure principles.

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