Hecla Mining
HL
$15.46
-0.26%
Hecla Mining Company is a leading silver and gold producer with operations in the United States, Canada, and Mexico, primarily focused on silver mining. As the largest primary silver producer in the U.S., Hecla distinguishes itself through its high-grade, low-cost assets and a strong balance sheet. The current investor narrative centers on the company's robust revenue growth driven by higher silver and gold prices, as well as strategic moves like the sale of its Casa Berardi gold mine to streamline operations and focus on silver. Recent news highlights both the tailwind from AI-driven silver demand and the headwind from geopolitical tensions that pressured precious metals prices.…
HL
Hecla Mining
$15.46
Related headlines
HL 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Hecla Mining's 12-month outlook, with a consensus price target around $20.10 and implied upside of +30.0% versus the current price.
Average Target
$20.10
3 analysts
Implied Upside
+30.0%
vs. current price
Analyst Count
3
covering this stock
Price Range
$12 - $20
Analyst target range
Hecla is covered by 3 analysts, with a consensus leaning bullish: 1 Buy (HC Wainwright), 1 Neutral (CIBC), and 1 Market Perform (BMO Capital). The average EPS estimate for the next fiscal year is $0.50, with a low of $0.43 and high of $0.62. The average revenue estimate is $3.23 billion, implying significant growth from the trailing twelve months. The implied upside to the average target is not directly provided, but based on the forward P/E of 13.19x and estimated EPS of $0.50, the target price would be around $6.60, which is below the current price of $15.82. This suggests the consensus target may be outdated or based on conservative assumptions. The range of EPS estimates ($0.43 to $0.62) indicates moderate uncertainty. Recent ratings have been stable, with no upgrades or downgrades in the past six months. The limited analyst coverage (3 analysts) is typical for a mid-cap miner, which can lead to higher volatility and less efficient price discovery.
HL Technical Analysis
Hecla's stock is in a sustained uptrend over the past year, with a 1-year price change of +168.59%, significantly outperforming the S&P 500's +20.63%. However, the current price of $15.82 sits at only 36.5% of its 52-week range (low $5.62, high $34.17), indicating a substantial pullback from the highs. This positioning near the lower end of the range suggests the stock is oversold and could represent a value opportunity, but also reflects the sharp decline from its peak. Short-term momentum is mixed: the 1-month change is +12.60%, showing a recent bounce, while the 3-month change is -18.71%, indicating ongoing weakness. The divergence between the strong 1-year trend and the negative 3-month trend suggests a corrective phase within a longer-term uptrend, potentially a mean-reversion setup. The stock's beta of 1.291 implies it is 29% more volatile than the market, amplifying both upside and downside moves. Key support is at the 52-week low of $5.62, while resistance is at the 52-week high of $34.17. A break above $34.17 would signal a resumption of the uptrend, while a breakdown below $5.62 would indicate a severe deterioration. The recent bounce from the June low of $14.05 suggests initial support near that level.
Beta
1.29
1.29x market volatility
Max Drawdown
-55.8%
Largest decline past year
52-Week Range
$6-$34
Price range past year
Annual Return
+153.0%
Cumulative gain past year
| Period | HL Return | S&P 500 |
|---|---|---|
| 1m | -7.2% | +0.0% |
| 3m | -19.1% | +7.6% |
| 6m | -41.7% | +9.1% |
| 1y | +153.0% | +21.3% |
| ytd | -18.1% | +10.7% |
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HL Fundamental Analysis
Hecla's revenue trajectory is strongly accelerating, with Q4 2025 revenue of $448.1 million, up 79.5% year-over-year from $249.7 million in Q4 2024. This growth is driven by higher silver and gold prices, with silver contracts contributing $190.1 million and gold $144.0 million in the latest quarter. The multi-quarter trend shows sequential revenue growth from $261.3 million in Q1 2025 to $409.5 million in Q3 2025, indicating robust operational momentum. Profitability has improved dramatically: net income in Q4 2025 was $134.4 million, compared to $11.9 million in Q4 2024, and gross margin expanded from 27.4% to 52.6% over the same period. The net margin of 30.0% in Q4 2025 is well above the industry average for miners, reflecting strong cost control and higher metal prices. Hecla's balance sheet is healthy, with a debt-to-equity ratio of just 0.106 and a current ratio of 2.72, indicating ample liquidity. Free cash flow for the trailing twelve months was $368.3 million, providing strong internal funding for growth. The ROE of 12.4% and ROA of 13.8% demonstrate efficient capital use, while the low payout ratio of 3.2% suggests the company retains most earnings for reinvestment.
Quarterly Revenue
$448111000.0B
2025-12
Revenue YoY Growth
+79.5%
YoY Comparison
Gross Margin
52.6%
Latest Quarter
Free Cash Flow
$368292000.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is HL Overvalued?
Since Hecla has positive net income, the primary valuation metric is the P/E ratio. The trailing P/E is 39.16x, while the forward P/E is 13.19x, implying the market expects significant earnings growth in the next year. The gap between trailing and forward P/E suggests that the current price already discounts higher future earnings. Compared to the industry average (not provided, but typical for silver miners), Hecla's trailing P/E of 39.16x appears elevated, but the forward P/E of 13.19x is more reasonable. The PEG ratio of 0.05 indicates the stock is cheap relative to its growth rate, though this is based on estimated EPS growth. Historically, Hecla's P/E has ranged from negative (during loss periods) to over 200x. The current trailing P/E of 39.16x is above the 5-year median of around 20x, suggesting the stock is trading at a premium to its historical average. However, the forward P/E of 13.19x is below the historical median, indicating that if earnings materialize as expected, the stock could be undervalued.
PE
39.2x
Latest Quarter
vs. Historical
Mid-Range
5-Year PE Range -754x~589x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
18.3x
Enterprise Value Multiple

