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Hecla Mining Company (HL)
NYSE:HL
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Hecla Mining Company
(NYSE:HL)
Select Model
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Rating:74Outperform
Price Target:
$19.00
▼(-2.11% Downside)
Hecla Mining Company receives a strong overall score driven by robust financial performance, positive technical indicators, and strategic achievements highlighted in the earnings call. The high dividend yield and recent corporate events further bolster the stock's attractiveness. However, the high P/E ratio and challenges in operational efficiency and free cash flow generation slightly temper the overall score.
Hecla Mining Company (HL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.75B
Dividend Yield0.08%
Average Volume (3M)17.86M
Price to Earnings (P/E)62.6
Beta (1Y)1.37
Revenue Growth45.61%
EPS GrowthN/A
CountryUS
Employees1,830
SectorN/A
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.12
Shares Outstanding670,098,700
10 Day Avg. Volume19,668,285
30 Day Avg. Volume17,858,837
Financial Highlights & Ratios
PEG Ratio-0.61
Price to Book (P/B)1.49
Price to Sales (P/S)3.28
P/FCF Ratio805.38
Enterprise Value/Market Cap0.65
Enterprise Value/Revenue6.77
Enterprise Value/Gross Profit18.73
Enterprise Value/Ebitda15.70
Forecast
1Y Price Target
$15.42Price Target Upside-20.56% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.38
Revenue Forecast (FY)$1.33B
Hecla Mining Company Business Overview & Revenue Model
Company DescriptionHecla Mining Company (HL) is a leading precious metals mining company headquartered in Coeur d'Alene, Idaho. Founded in 1891, Hecla primarily focuses on the exploration, development, and production of silver and gold. The company operates several mines in the United States and Canada, including the Greens Creek mine in Alaska and the Lucky Friday mine in Idaho, and is known for its commitment to sustainable mining practices and environmental stewardship.
How the Company Makes MoneyHecla Mining Company generates revenue primarily through the sale of precious metals, specifically silver and gold. The company mines these metals from its operating mines and sells them in the global commodities market. The revenue model is heavily influenced by the prices of silver and gold, which can be volatile and are influenced by market demand, economic conditions, and geopolitical factors. Key revenue streams include the extraction and sale of ore, as well as potential royalties from mineral rights and partnerships with other mining entities. Additionally, Hecla benefits from cost management strategies and operational efficiencies that enhance profitability. The company may also engage in strategic partnerships or joint ventures to expand its resources and production capabilities, further contributing to its earnings.
Hecla Mining Company Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Positive
The earnings call highlighted Hecla Mining Company's strong financial and operational performance, marked by record revenues, significant debt reduction, and positive cash flow from all assets. However, challenges such as inflationary pressures on costs and delays in achieving commercial production at Keno Hill were noted.Q3-2025 Updates
Positive Updates
Record-Breaking Financial Performance
Hecla Mining Company reported record quarterly revenue of $410 million, net income of $101 million, and adjusted EBITDA of $196 million, demonstrating strong financial performance and effective business model execution.
Significant Reduction in Net Leverage
Net leverage improved significantly from 1.8x to 0.3x in a single year, marking an 83% reduction, primarily due to debt repayment and strong cash flow generation, enhancing the company's financial flexibility.
Positive Free Cash Flow Across All Assets
All four producing assets, Greens Creek, Lucky Friday, Casa Berardi, and Keno Hill, generated positive free cash flow for the second consecutive quarter, totaling $90 million.
Impressive Silver Production and Cost Management
Silver production increased to 4.6 million ounces, with cash costs at negative $2.03 per ounce and all-in sustaining costs at $11.01, indicating strong operational efficiency.
Strong Performance at Greens Creek
Greens Creek led free cash flow generation with nearly $75 million, owing to strong operational performance and cost management, reaffirming its status as a premier silver mine.
Negative Updates
Inflationary Pressures on Labor Costs
The company faces inflationary pressures, particularly in labor costs, due to competition for skilled workers and reliance on contractors, impacting overall cost management.
Challenges in Achieving Commercial Production at Keno Hill
While Keno Hill has shown positive cash flow for two consecutive quarters, it is not expected to achieve commercial production until 2027, highlighting ongoing ramp-up challenges.
Potential Cost Overruns at Keno Hill
Capital expenditures at Keno Hill are expected to modestly exceed original guidance due to higher-than-planned underground development activities.
Company Guidance
During the Q3 2025 earnings call, Hecla Mining Company provided robust guidance, highlighting record financial performance and strategic advancements. The company reported revenue of $410 million and net income of $101 million, with adjusted EBITDA reaching $196 million. Hecla significantly improved its net leverage from 1.8x to 0.3x year-over-year, marking an 83% reduction. This was achieved through the full repayment of their revolver, redemption of $212 million in debt, and repayment of a CAD 50 million note, leading to an annual interest expense reduction of over $15 million. Operating cash flow stood at $148 million, while consolidated free cash flow was $90 million. All four producing assets, including Greens Creek and Lucky Friday, generated positive free cash flow for the second consecutive quarter. The company maintained operational momentum with silver production at 4.6 million ounces and cash costs at negative $2.03 per ounce, while all-in sustaining costs were $11.01 per ounce. Hecla reiterated its cost guidance and tightened production guidance, with strategic projects like the Lucky Friday surface cooling project and Greens Creek's dry stack tailings expansion on track. Moving forward, Hecla plans to focus on long-term value creation, further deleveraging, establishing a disciplined capital allocation framework, and potential portfolio rationalization.Hecla Mining Company Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
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Hecla Mining Company Technical Analysis
Positive
19.41
Price Trends
14.79
Positive
11.99
Positive
8.82
Positive
Market Momentum
1.34
Negative
69.76
Neutral
74.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HL, the sentiment is Positive. The current price of 19.41 is above the 20-day moving average (MA) of 16.71, above the 50-day MA of 14.79, and above the 200-day MA of 8.82, indicating a bullish trend. The MACD of 1.34 indicates Negative momentum. The RSI at 69.76 is Neutral, neither overbought nor oversold. The STOCH value of 74.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HL.
Hecla Mining Company Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
79 Outperform | $2.61B | 21.21 | 28.10% | 1.14% | 30.05% | 73.40% | |
77 Outperform | $12.79B | 15.88 | 32.05% | 0.92% | 29.08% | 72.12% | |
74 Outperform | $12.75B | 62.65 | 8.88% | 0.08% | 45.61% | ― | |
73 Outperform | $465.05M | 9.21 | 20.25% | 2.32% | 38.04% | 424.35% | |
69 Neutral | $10.85B | 25.22 | 19.57% | ― | 72.94% | ― | |
58 Neutral | $9.51B | -51.03 | -8.31% | ― | 6.27% | 93.14% |
* Sector Average
HL
Hecla Mining Company
19.41
14.47
292.91%
CDE
Coeur Mining
17.20
11.43
198.09%
DRD
Drdgold
30.42
21.83
254.13%
HMY
Harmony Gold Mining
20.67
12.41
150.24%
SBSW
Sibanye Stillwater
13.93
10.38
292.39%
CMCL
Caledonia Mining
24.52
15.52
172.44%
Hecla Mining Company Corporate Events
DividendsBusiness Operations and StrategyFinancial Disclosures
Hecla Mining Announces Dividend Amid Strong Q3 Results
Positive
Nov 5, 2025
On November 5, 2025, Hecla Mining Company announced a dividend for its common and preferred stock, reflecting its strong financial performance in the third quarter of 2025. The company reported record quarterly revenue of $409.5 million, a 35% increase over the previous quarter, and achieved significant profitability with a net income of $100.6 million. Hecla also highlighted its operational achievements, including increased silver and gold production, and substantial deleveraging, which has strengthened its financial position and operational flexibility.
Business Operations and Strategy
Hecla Mining to Present at Gold Forum Americas
Neutral
Sep 11, 2025
On September 16, 2025, Hecla Mining Company representatives are scheduled to present at the Gold Forum Americas 2025 conference in Colorado Springs, Colorado. The company plans to provide an update on its Casa Berardi operations during this presentation.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.