Hecla Mining Company (HL) AI Stock Analysis

• Market Cap: $3.88B
• Dividend Yield: 0.56%
• Average Volume (3M): 22.14M
• Price to Earnings (P/E): 55.2
• Beta (1Y): 1.22
• Revenue Growth: 41.04%
• EPS Growth: N/A
• Country: US
• Employees: 1,830
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Gold
• EPS (TTM): 0.04
• Shares Outstanding: 632,563,230
• 10 Day Avg. Volume: 23,663,337
• 30 Day Avg. Volume: 22,144,920
• PEG Ratio: -0.07
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.00K
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 0.79
• Enterprise Value/Gross Profit: 14.48
• Enterprise Value/Ebitda: 3.51
• 1Y Price Target: $7.00
• Price Target Upside: 14.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 72 Outperform
• Price Target: $7.00 ▲(14.19%Upside)

The overall score reflects strong earnings and financial performance, supported by bullish technical indicators. However, high valuation metrics and operational challenges pose potential risks.

Positive Factors

Debt Management

The company managed to significantly reduce its net debt and improve its net leverage ratio from 2.7x to 1.6x.

Production Outlook

The firm's 2025 production outlook includes significant silver and gold outputs with relatively low cash costs and all-in sustaining costs.

Revenue Growth

Hecla Mining recorded a significant 29% increase in year-over-year revenue, driven by higher metal prices and increased sales volumes.

Negative Factors

Cost Increases

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

Guidance Downgrade

Uncertainty at Keno Hill weighs on the stock, prompting a downgrade to Market Perform.

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 through the extraction and sale of precious metals, primarily silver and gold, as well as base metals like lead and zinc. The company operates mines in the United States and Canada, where it processes ore to extract these valuable metals, which are then sold on the global commodities market. Key revenue streams include the production and sale of silver and gold, with additional income derived from lead and zinc by-products. Hecla's earnings are influenced by factors such as metal prices, production costs, and the efficiency of its mining operations. Strategic partnerships and investments in exploration and development of new mineral resources also play a crucial role in sustaining and enhancing the company's profitability.

Hecla Mining Company Financial Statement Overview

Summary

Hecla Mining Company shows strong revenue growth and a stable balance sheet with low debt, yet faces potential profitability risks due to historical earnings volatility and high equity limiting aggressive expansion.

Income Statement

Hecla Mining Company has shown a strong revenue growth trajectory with a 43.3% increase in Total Revenue TTM compared to the previous annual report. The Gross Profit Margin at 18.5% and Net Profit Margin at 9.4% TTM indicate healthy operational efficiency. However, historical fluctuations in EBIT and Net Income highlight potential profitability risks.

Balance Sheet

The balance sheet demonstrates stability with a Debt-to-Equity Ratio of 0.02 and a high Equity Ratio of 68.6% TTM, reflecting strong financial leverage management. Return on Equity has improved significantly, reaching 6.1% TTM, signaling enhanced shareholder value. Nonetheless, the industry-standard high equity might limit aggressive growth opportunities.

Cash Flow

Cash flow statements reveal a positive trend with a significant Free Cash Flow growth TTM. The Operating Cash Flow to Net Income Ratio of 1.89 TTM suggests robust cash generation capability. However, fluctuations in Free Cash Flow to Net Income ratios across periods suggest volatility in cash conversion efficiency.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.33B	929.92M	720.23M	718.90M	807.47M	691.87M
	Gross Profit
246.72M	198.21M	112.95M	116.16M	217.80M	145.70M
	EBIT
143.32M	106.28M	-44.67M	28.30M	120.52M	78.76M
	EBITDA
297.62M	313.36M	131.57M	143.03M	293.02M	247.93M
	Net Income Common Stockholders
125.62M	35.80M	-84.22M	-37.35M	35.09M	-16.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
80.17M	26.87M	106.37M	104.74M	210.01M	129.83M
	Total Assets
2.99B	2.98B	3.01B	2.93B	2.73B	2.67B
	Total Debt
673.52M	550.71M	662.82M	527.23M	533.92M	533.65M
	Net Debt
593.35M	523.85M	556.44M	422.48M	323.91M	403.82M
	Total Liabilities
1.04B	941.55M	1.04B	948.21M	968.02M	965.38M
	Stockholders Equity
1.96B	2.04B	1.97B	1.98B	1.76B	1.70B
Cash Flow		Free Cash Flow
70.03M	3.79M	-148.39M	-59.49M	111.29M	89.78M
	Operating Cash Flow
236.94M	218.28M	75.50M	89.89M	220.34M	180.79M
	Investing Cash Flow
-219.37M	-212.87M	-231.29M	-187.27M	-107.03M	-92.90M
	Financing Cash Flow
-73.50M	-83.82M	156.33M	-7.50M	-32.60M	-19.38M

Hecla Mining Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.13
• 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 6.13 is above the 20-day moving average (MA) of 5.40, above the 50-day MA of 5.41, and above the 200-day MA of 5.74, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 64.14 is Neutral, neither overbought nor oversold. The STOCH value of 63.04 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
HMY	77 Outperform	$9.28B	15.61	25.19%	0.93%	20.35%	20.44%
HL	72 Outperform	$3.88B	55.18	3.49%	0.56%	41.04%	―
DRD	71 Outperform	$1.19B	12.79	24.89%	1.47%	22.63%	28.96%
CDE	69 Neutral	$5.99B	32.87	6.44%	―	41.79%	―
SBSW	57 Neutral	$4.76B	―	-15.89%	―	-0.71%	80.26%
Sector *	51 Neutral	$2.04B	-1.15	-21.37%	3.64%	2.88%	-30.57%
PZG	45 Neutral	$42.92M	―	-23.96%	―	―	0.16%

Hecla Mining Company Corporate Events

Hecla Mining Appoints New Director After Annual Meeting

Hecla Mining Company announced the resignation of George R. Johnson from its Board of Directors, effective after the Annual Meeting on May 21, 2025, due to his retirement. Dean Gehring was appointed as a Class I director to fill the vacancy, effective May 21, 2025, and will serve on the Health, Safety, Environmental and Technical Committee and the Compensation Committee. At the Annual Meeting, shareholders voted on several proposals, including the election of three board nominees, ratification of BDO USA, P.C. as the independent registered public accounting firm, approval of executive compensation, and an amendment to increase the number of authorized shares of common stock. All proposals were approved, with significant shareholder participation.

The most recent analyst rating on (HL) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Hecla Mining Company stock, see the HL Stock Forecast page.