Hecla Mining Company (HL) AI Stock Analysis

• Market Cap: $5.98B
• Dividend Yield: 0.28%
• Average Volume (3M): 21.11M
• Price to Earnings (P/E): 57.0
• Beta (1Y): 1.29
• Revenue Growth: 36.30%
• EPS Growth: N/A
• Country: US
• Employees: 1,830
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Gold
• EPS (TTM): 0.08
• Shares Outstanding: 669,983,640
• 10 Day Avg. Volume: 19,922,228
• 30 Day Avg. Volume: 21,110,753
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.69
• Enterprise Value/Revenue: 2.96
• Enterprise Value/Gross Profit: 12.80
• Enterprise Value/Ebitda: 12.49
• 1Y Price Target: $8.18
• Price Target Upside: -7.57% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 70 Outperform
• Price Target: $8.50 ▼(-3.95% Downside)

Hecla Mining Company demonstrates strong financial performance and positive earnings call sentiment, which are the most significant factors driving the score. Technical analysis indicates potential overbought conditions, while valuation metrics suggest the stock may be overvalued. Corporate events further support the company's strategic positioning and growth potential.

Positive Factors

Asset risk profile

Hecla's assets in the U.S. and Canada provide precious metals production with a peer-leading jurisdictional risk profile, offering long-term upside.

Financial performance

Hecla announced $261.3M in sales with a net income of $28.7M, showing a significant improvement from the previous year's sales and net loss.

Production outlook

Management has raised its gold production outlook at Greens Creek due to consistent outperformance in production expectations.

Negative Factors

Cash flow impact

Higher costs impacted cash flows, with cash flow from operations declining and free cash flow being negative.

Cost pressure

Cost of sales guidance was increased at Lucky Friday and Casa Berardi, indicating higher operating costs.

Operational challenges

Ongoing challenges at Keno Hill and uncertainty at Casa Berardi are expected to remain an overhang on HL shares.

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 silver and gold, which are its core products. The company operates several mines that produce these precious metals, and it sells them in the global market, where prices fluctuate based on supply and demand dynamics. Key revenue streams include the production of silver and gold ounces, as well as potential by-product sales from other metals like lead and zinc. Hecla also engages in exploration activities to discover new mineral resources, which can lead to future production and revenue growth. Additionally, the company may benefit from partnerships or joint ventures with other mining firms, allowing for shared resources and enhanced operational efficiencies. Factors contributing to its earnings include the prevailing market prices of silver and gold, operational efficiency, production costs, and the successful management of mining projects.

Hecla Mining Company Financial Statement Overview

Summary

Hecla Mining Company exhibits a strong financial position with consistent revenue growth, improved profitability, and robust cash flow generation. The balance sheet reflects a stable leverage position, while the income statement and cash flow statement indicate effective cost management and cash utilization. The company is well-positioned for future growth, although it should continue to manage its debt levels prudently.

Income Statement

Hecla Mining Company has shown consistent revenue growth, with a TTM revenue growth rate of 4.38%. The gross profit margin has improved to 23.09% in TTM, indicating better cost management. The net profit margin has significantly increased to 11.18% in TTM, reflecting enhanced profitability. However, the EBIT margin slightly decreased to 12.29%, suggesting some operational challenges. Overall, the income statement reflects a positive growth trajectory with improved profitability.

Balance Sheet

The company's debt-to-equity ratio has decreased to 0.24 in TTM, indicating a stable leverage position. Return on equity has improved to 7.35%, showcasing better utilization of equity. The equity ratio remains strong, suggesting a solid financial foundation. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

Hecla Mining Company has demonstrated a remarkable free cash flow growth of 190.62% in TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 1.66 reflects efficient cash flow management. The free cash flow to net income ratio of 0.64 further supports the company's ability to generate cash relative to its net income. Overall, the cash flow statement highlights robust cash flow performance and financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.39B	929.92M	720.23M	718.90M	807.47M	691.87M
Gross Profit	321.15M	198.21M	112.95M	116.16M	217.80M	145.70M
EBITDA	329.37M	313.36M	131.57M	143.03M	293.02M	247.93M
Net Income	155.45M	35.80M	-84.22M	-37.35M	35.09M	-16.79M
Balance Sheet
Total Assets	3.31B	2.98B	3.01B	2.93B	2.73B	2.67B
Cash, Cash Equivalents and Short-Term Investments	296.56M	26.87M	106.37M	104.74M	210.01M	129.83M
Total Debt	564.72M	558.71M	662.82M	527.23M	533.92M	533.65M
Total Liabilities	999.32M	941.55M	1.04B	948.21M	968.02M	965.38M
Stockholders Equity	2.31B	2.04B	1.97B	1.98B	1.76B	1.70B
Cash Flow
Free Cash Flow	203.53M	3.79M	-148.39M	-59.49M	111.29M	89.78M
Operating Cash Flow	320.01M	218.28M	75.50M	89.89M	220.34M	180.79M
Investing Cash Flow	-224.38M	-212.87M	-231.29M	-187.27M	-107.03M	-92.90M
Financing Cash Flow	175.77M	-83.82M	156.33M	-7.50M	-32.60M	-19.38M

Hecla Mining Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 8.85 is above the 20-day moving average (MA) of 7.94, above the 50-day MA of 6.77, and above the 200-day MA of 5.81, indicating a bullish trend. The MACD of 0.59 indicates Negative momentum. The RSI at 77.60 is Negative, neither overbought nor oversold. The STOCH value of 92.23 is Negative, 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
CDE	79 Outperform	$8.78B	35.82	9.88%	―	68.88%	―
HMY	78 Outperform	$8.87B	11.21	32.05%	1.14%	29.08%	70.63%
DRD	72 Outperform	$1.65B	13.80	28.11%	1.33%	30.05%	73.23%
HL	70 Outperform	$5.98B	57.00	4.67%	0.28%	36.30%	―
Sector *	61 Neutral	$10.27B	6.37	0.76%	2.91%	3.10%	-36.03%
SBSW	56 Neutral	$5.92B	―	-8.31%	―	6.27%	93.14%
PZG	45 Neutral	$75.02M	―	-23.96%	―	―	-10.14%

Hecla Mining Company Corporate Events

Hecla Mining Redeems $212M Senior Notes

On August 18, 2025, Hecla Mining Company redeemed $212 million of its outstanding $475 million 7.25% Senior Notes due 2028, paying a total of $216,014,337.38, which included a call premium and accrued interest. This financial move reflects Hecla’s efforts to manage its debt obligations, potentially impacting its financial stability and stakeholder confidence.

Hecla Mining Reports Record Q2 2025 Financial Results

Hecla Mining Company announced a dividend on its common and preferred stock, alongside a partial redemption of its Senior Notes, contingent on liquidating certain investments. The company reported record financial results for the second quarter of 2025, with significant increases in revenue, free cash flow, and production volumes, while reducing its net leverage ratio. These achievements reflect Hecla’s commitment to operational excellence and strategic reinvestment, positioning it well for future growth.