Hecla Mining Company (HL) AI Stock Analysis

• Market Cap: $10.70B
• Dividend Yield: 0.09%
• Average Volume (3M): 17.95M
• Price to Earnings (P/E): 52.6
• Beta (1Y): 1.25
• Revenue Growth: 45.61%
• EPS Growth: N/A
• Country: US
• Employees: 1,830
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.12
• Shares Outstanding: 670,098,700
• 10 Day Avg. Volume: 16,008,915
• 30 Day Avg. Volume: 17,947,762
• PEG Ratio: -0.61
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 3.28
• P/FCF Ratio: 805.38
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 6.77
• Enterprise Value/Gross Profit: 18.73
• Enterprise Value/Ebitda: 15.70
• 1Y Price Target: $14.08
• Price Target Upside: -11.83% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.37
• Revenue Forecast (FY): $1.30B

• Rating: 75 Outperform
• Price Target: $17.00 ▲(6.45% Upside)

Hecla Mining Company's strong financial performance and positive earnings call are the primary drivers of its stock score. The technical analysis supports a bullish outlook, although the high P/E ratio suggests potential overvaluation. The company's strategic focus on debt reduction and operational efficiency further enhances its investment appeal.

Positive Factors

Debt Reduction

The significant reduction in net leverage enhances Hecla's financial flexibility, allowing for better capital allocation and reduced interest expenses, which supports long-term financial health.

Operational Efficiency

Improved operational efficiency, as shown by increased silver production and low cash costs, indicates strong cost management and enhances Hecla's competitive position in the mining industry.

Free Cash Flow Generation

Consistent positive free cash flow across all assets demonstrates Hecla's ability to generate cash, supporting reinvestment in operations and potential debt reduction, which is crucial for long-term sustainability.

Negative Factors

Inflationary Pressures

Rising labor costs due to inflationary pressures can erode profit margins and increase operational expenses, posing a challenge to maintaining cost efficiency over the long term.

Keno Hill Production Delays

Delays in achieving commercial production at Keno Hill could impact future revenue streams and highlight operational challenges, affecting Hecla's growth trajectory.

Potential Cost Overruns

Cost overruns at Keno Hill could strain financial resources and delay project timelines, impacting Hecla's ability to meet production targets and manage expenses effectively.

Hecla Mining Company Business Overview & Revenue Model

Company Description

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine situated in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine situated in the city of Durango, Mexico. The company also holds 100% interests in the Fire Creek mine located in Lander County, Nevada; and the Hollister and Midas mines situated in Elko County, Nevada. Hecla Mining Company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.

How the Company Makes Money

Hecla 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 Financial Statement Overview

Summary

Hecla Mining Company demonstrates strong revenue growth and improved profitability, supported by a solid balance sheet with low leverage. However, challenges in operational efficiency and free cash flow generation need to be addressed. Overall, the company is on a positive trajectory with opportunities for further improvement in cash flow management.

Income Statement

Hecla Mining Company shows a strong revenue growth rate of 15.51% TTM, indicating robust top-line expansion. The gross profit margin has improved to 23.09% TTM, reflecting better cost management. The net profit margin has also increased to 11.18% TTM, showcasing enhanced profitability. However, the EBIT margin slightly decreased to 12.29% TTM, suggesting some operational challenges. Overall, the income statement reflects positive growth and profitability trends, with some room for improvement in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio of 0.24 TTM indicates a conservative leverage position, which is favorable for financial stability. The return on equity has improved to 7.35% TTM, demonstrating better utilization of shareholder funds. The equity ratio stands at 76.03% TTM, highlighting a strong equity base. While the balance sheet shows solid financial health, the company should continue to monitor its leverage to maintain stability.

Cash Flow

Operating cash flow to net income ratio of 1.66 TTM suggests strong cash generation relative to earnings. However, the free cash flow growth rate is negative at -10.47% TTM, indicating challenges in generating free cash flow. The free cash flow to net income ratio of 0.64 TTM shows a moderate conversion of earnings to cash. While the cash flow statement reflects good cash generation, the decline in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.22B	929.92M	720.23M	718.90M	807.47M	691.87M
Gross Profit	442.33M	198.21M	112.95M	116.16M	217.80M	161.10M
EBITDA	527.63M	313.36M	124.00M	143.03M	220.12M	203.32M
Net Income	308.98M	35.80M	-84.22M	-37.35M	35.09M	-9.46M
Balance Sheet
Total Assets	3.22B	2.98B	3.01B	2.93B	2.73B	2.70B
Cash, Cash Equivalents and Short-Term Investments	133.91M	26.87M	106.37M	104.74M	210.01M	129.83M
Total Debt	289.68M	550.71M	662.82M	527.23M	539.21M	533.65M
Total Liabilities	772.20M	941.55M	1.04B	948.21M	968.02M	986.42M
Stockholders Equity	2.45B	2.04B	1.97B	1.98B	1.76B	1.71B
Cash Flow
Free Cash Flow	240.27M	3.79M	-148.39M	-59.49M	111.29M	89.78M
Operating Cash Flow	413.05M	218.28M	75.50M	89.89M	220.34M	180.79M
Investing Cash Flow	-226.20M	-212.87M	-231.29M	-187.27M	-107.03M	-92.90M
Financing Cash Flow	-74.69M	-83.82M	156.33M	-7.50M	-32.60M	-19.38M

Hecla Mining Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 15.97 is above the 20-day moving average (MA) of 13.95, above the 50-day MA of 13.09, and above the 200-day MA of 7.95, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 65.14 is Neutral, neither overbought nor oversold. The STOCH value of 74.59 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRD	79 Outperform	$2.47B	20.55	28.10%	1.34%	30.05%	73.40%
HMY	77 Outperform	$11.04B	13.94	32.05%	0.99%	29.08%	72.12%
HL	75 Outperform	$10.70B	52.60	8.88%	0.09%	45.61%	―
CMCL	73 Outperform	$590.53M	11.69	20.25%	1.83%	38.04%	424.35%
CDE	68 Neutral	$10.40B	23.74	19.57%	―	72.94%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SBSW	57 Neutral	$8.69B	―	-8.31%	―	6.27%	93.14%

Hecla Mining Company Corporate Events

Hecla Mining Reports Record Q3 2025 Results

Hecla Mining Company, a leading precious metals mining company, primarily focuses on silver and gold production with operations across North America. In its third quarter of 2025, Hecla Mining Company reported record-breaking financial results, including a 35% increase in revenue to $409.5 million and a net income of $100.6 million. The company also achieved a record adjusted EBITDA of $195.7 million and significantly reduced its net leverage ratio to 0.3x, reflecting a strong balance sheet and financial flexibility.

Hecla Mining’s Earnings Call Highlights Record Performance

The recent earnings call for Hecla Mining Company was marked by a generally positive sentiment, underscored by the company’s strong financial and operational performance. The call highlighted record revenues, significant debt reduction, and positive cash flow from all assets. However, it also acknowledged challenges such as inflationary pressures on costs and delays in achieving commercial production at Keno Hill.

Hecla Mining Announces Dividend Amid Strong Q3 Results

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.

The most recent analyst rating on (HL) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Hecla Mining Company stock, see the HL Stock Forecast page.

Hecla Mining to Present at Gold Forum Americas

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.

The most recent analyst rating on (HL) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Hecla Mining Company stock, see the HL Stock Forecast page.