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⚠️ Not investment advice. Past performance does not guarantee future results.
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Hecla Mining HL

United StatesBasic Materials · Other Precious Metals & MiningUSD
6.3AI score
Rank 726 of 2,130
better than 63% of companies
16.39USD
▲ 30.8% in one year
HL MSCI World +22.1%
Average analyst target
23.07 USD (+40.8%)
10 analysts
52-wk low 11.81High 34.17
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Hecla Mining is a mining company dedicated to the exploration, extraction, and processing of silver, gold, lead, and zinc, with operations primarily in the United States and Canada.

Key points

from its scores
  • ✓Very solid balance sheet9.1
  • ✓Good share-price trend8.7
  • ✓High-quality business7.7
  • ✕Little or no dividend1.9
  • ✕Unfavourable risk and backdrop3.9

AI analysis

bottom line, main risk, context and news
Bottom line

Hold, given the strong current growth but high sensitivity to precious metals prices and the potential reversal of the cycle.

Hecla Mining shows solid financial health (net cash, DN/EBITDA of -0.48) and high operational quality (ROE 22.17%, operating margin 44.27%), but its 92.9% earnings growth reflects a cycle peak that is likely unsustainable, and falling gold prices and a stronger dollar pressure its outlook.

⚠ Main risk

Dependence on silver and gold prices, which are highly volatile and subject to dollar strength and changes in monetary policy, could reverse current growth.

Context and risks

Hecla Mining operates in the US and Canada, with exposure to jurisdictions of moderate governance. The main risk is dependence on silver and gold prices, which are volatile and subject to global macro factors. The 20th percentile position in the 52-week range suggests the market has already priced in part of the recent gold weakness.

Is Hecla Mining stock cheap or expensive?

at the analysis date
In line with its sector

On P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%).

MultipleCompanySectorDifference
P/E21.319.2+11%
EV / EBITDA10.910.0+9%
Price / book4.12.3+82%
Price / sales6.32.2+187%

Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.

Valuation score: 5.2 out of 10 (median for Basic Materials: 5.8).

Average analyst target: 23.07 USD, +40.8% versus the price.

Indicative fair value · USD
Graham21.95▲ +34% vs price
Cash flow (DCF)12.00▼ −27% vs price
Price16.39at the analysis date

Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy HLCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiExcellent9.1Basic Materials median: 7.1
Quality / MoatiGood7.7Basic Materials median: 5.1
ValuationiFair5.2Basic Materials median: 5.8
GrowthiGood7.1Basic Materials median: 6.8
DividendiPoor1.9Basic Materials median: 4.7
MomentumiExcellent8.7Basic Materials median: 6.5
Risk & ContextiWeak3.9Basic Materials median: 5.9
Basic Materials median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Basic Materials median
P/Ei
21.3
Basic Materials: 19.2above
EV / EBITDAi
10.9
Basic Materials: 10.0above
ROEi
22.2%
Basic Materials: 11.3%above
Operating margini
44.3%
Basic Materials: 16.1%above
Net debt / EBITDAi
−0.48
Basic Materials: 1.41net cash
Revenue growthi
+52.4%
Basic Materials: +9.7%above

Valuation

P/E
21.3
Forward P/E
15.9
EV / EBITDA
10.9
Price / book
4.1
Price / sales
6.3
PEG
5.64
Market cap
11.0B USD
Enterprise value
10.5B USD

Profitability

ROE
22.2%
ROA
15.3%
ROIC (approx.)
28.6%
Gross margin
61.4%
Operating margin
44.3%
Net margin
19.2%
Free cash flow
342.3M USD
FCF yield
3.1%
Cash conversion
35%

Solvency

Total debt
21.5M USD
Net debt
−463.9M USD
Cash
485.3M USD
EBITDA
969.5M USD
Net debt / EBITDA
−0.48
Debt / equity
0.80
Current ratio
5.20
Quick ratio
4.41

Growth

Revenue growth
+52.4%
Earnings growth
+92.9%
EPS (TTM)
0.77 USD
EPS (forward)
1.03 USD

Dividend

Dividend yield
0.1%
Payout
1.9%

Risk and market

Beta
1.37
Analyst consensus
Buy (10)
Target price
23.07 USD
52-week range
11.81 – 34.17

Compare it with its sector

All 141 in Basic Materials →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about Hecla Mining

Is Hecla Mining stock cheap or expensive?

On P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%). Valuation score: 5.2 out of 10 (median for Basic Materials: 5.8). Average analyst target: 23.07 USD, +40.8% versus the price. This is not investment advice.

What score does Hecla Mining get on MeridIAn Screener?

It scores 6.3 out of 10, rank 726 of 2,130 (better than 63% of the companies analysed). Its strongest category is Financial health (9.1) and its weakest, Dividend (1.9). Analysis of 08/10/2026.

What is Hecla Mining's P/E ratio?

Its P/E is 21.3: the share price equals 21.3 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 15.9.

How much is Hecla Mining worth on the stock market?

Its market capitalisation is 11.0B USD and its enterprise value, debt included, is 10.5B USD.

How much debt does Hecla Mining have?

It has more cash than debt: net cash of 463.9M USD.

Does Hecla Mining pay a dividend?

Yes: its dividend yield is 0.12% and it pays out 2% of its earnings.

How has Hecla Mining stock performed over the last year?

It has risen 30.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 11.81 and 34.17 USD. Past performance does not guarantee future results.

What do analysts think of Hecla Mining?

10 analysts cover it; their average recommendation is “Buy” and their average target is 23.07 USD (+40.8% versus the price). It is an estimate, not market data.