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Trade HL with leverageAn announcement from Hecla Mining Company ( (HL) ) is now available.
On May 5, 2026, Hecla reported first-quarter 2026 results showing revenue from continuing operations exceeding $411 million, up 13% from the prior quarter and 100% from a year earlier, with net income from continuing operations jumping to $165 million and record adjusted EBITDA of $265 million as higher realized silver and gold prices offset modest production declines. Despite a non-cash write-down linked to the March 25 sale of Casa Berardi that produced a small net loss for common shareholders, the company generated $183 million in operating cash flow and record free cash flow of $144 million, moved into a net cash position with $588 million in cash versus $266 million of debt, redeemed its remaining senior notes after quarter-end, and declared dividends on both common and Series B preferred stock, reinforcing its sharpened silver focus and balance sheet strength.
Hecla’s mines produced 3.9 million ounces of silver in the quarter, with consolidated total cost of sales of $158 million and a silver all-in sustaining cost of $8.17 per ounce excluding Keno Hill, as the company reiterated its production and cost guidance for the year. Greens Creek delivered low-cost silver and gold output with sharply improved by-product credits and record underground backfill placement, Lucky Friday maintained solid silver production while progressing an 81%-complete surface cooling project, and Keno Hill posted a fourth consecutive quarter of positive free cash flow despite weather-related power constraints, supporting management’s plan to fund organic growth and exploration initiatives from strong internal cash generation while operating with no long-term debt.
The most recent analyst rating on (HL) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Hecla Mining Company stock, see the HL Stock Forecast page.
Spark’s Take on HL Stock
According to Spark, TipRanks’ AI Analyst, HL is a Neutral.
Score is driven primarily by strong financial performance (improved margins, free cash flow, and deleveraging) and a constructive earnings outlook highlighting operational momentum. These positives are tempered by weak current technicals (downtrend and negative MACD) and a relatively high P/E despite an attractive dividend yield.
To see Spark’s full report on HL stock, click here.
More about Hecla Mining Company
Hecla Mining Company, listed on the NYSE under the ticker HL, is a North American precious metals producer focused primarily on silver, with additional gold output. The company operates key underground mines including Greens Creek in Alaska, Lucky Friday in Idaho and Keno Hill in Canada, positioning itself as a leading silver-focused miner with growing free cash flow and a strengthening balance sheet.
On May 5, 2026, Hecla reported first-quarter 2026 results marked by a 100% year-on-year revenue increase from continuing operations to more than $411 million, record adjusted EBITDA of $265 million and record free cash flow of $144 million, driven by higher realized silver and gold prices despite slightly lower production. Net income from continuing operations rose sharply to $165 million, while a non-cash $192 million write-down tied to the March 25 Casa Berardi sale produced a small net loss for common shareholders, and the company used sale proceeds and cash flow to move into a net cash position, redeem its remaining senior notes after quarter-end, and declare dividends on its common and Series B preferred shares, underscoring its sharpened silver focus and reinforcing its financial flexibility.
Operationally, Hecla lifted silver output to 3.9 million ounces, kept costs tightly controlled with a consolidated silver all-in sustaining cost of $8.17 per ounce excluding Keno Hill and reiterated its production and cost guidance for 2026. Greens Creek delivered strong low-cost performance with significantly improved by-product credits, Lucky Friday maintained solid production while advancing a major cooling project, and Keno Hill generated a fourth straight quarter of positive free cash flow despite weather-related power constraints, supporting management’s strategy of funding organic growth and exploration from internally generated cash while maintaining a debt-free capital structure.
Average Trading Volume: 17,136,184
Technical Sentiment Signal: Buy
Current Market Cap: $11.79B
See more insights into HL stock on TipRanks’ Stock Analysis page.