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/HL
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Hecla Mining Co

Hecla Mining Co

HL
$14.33USD↓-1.31%-0.19 today

MARKET CAP

9.6B

P/E (TTM)

21.4x

FWD P/E

11.4x

DAY RANGE

$14 – $15

52W RANGE

$6
$34

AI Summary

Stalk
Buy NowMedium

In an early Stage 1 consolidation after a terminal decline, HL’s price action shows supply absorption and volatility compression around the capitulation low. Medium-term bias is Bullish under mean-reversion eligibility, and short-term timing favors entry as price holds above the rising 9- and 21-EMAs in an oversold context. Execution is Buy Now on pullbacks into the short-EMA support zone within the base.

  • ↑Q1 2026 revenue of $410M (+13% QoQ, +100% YoY); Adjusted EBITDA $265M
  • ↑Cash costs near -$3/oz; all-in sustaining cost < $10/oz
  • ↓Stock trades ~59% above GF value ($9.61); P/E 37.2x
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Hecla Mining Company (NYSE: HL) is a prominent North American silver producer with operations centered in the United States and Canada. Established in 1891, Hecla focuses on sustainable mining practices, emphasizing both silver and gold production. The company has built a reputation as a low-cost producer, with a project pipeline and reserve life significantly exceeding those of its peers, positioning itself strategically within the evolving landscape of the precious metals market.

Bull says

  • ↑Q1 2026 revenue of $410M (+13% QoQ, +100% YoY); Adjusted EBITDA $265M
  • ↑Cash costs near -$3/oz; all-in sustaining cost < $10/oz
  • ↑Redeemed $263M senior notes; debt-free with $321M cash
  • ↑Exploration budget doubled to $55M for 2026 to boost output
  • ↑Fifth year of silver supply deficits supports pricing
  • ↑High earnings yield; strong momentum; minimal leverage risk

Bear says

  • ↓Stock trades ~59% above GF value ($9.61); P/E 37.2x
  • ↓Short interest rising; ~70% bearish sentiment pressures momentum
  • ↓Permitting hurdles at Keno Hill may stall production ramp-up
  • ↓Operational volatility: Q1 lower silver grades hit output
  • ↓Declining analyst revisions signal waning growth expectations
  • ↓High share-price volatility may deter risk-averse investors

Investment themes with HL

Gold Miners↓ -0.33%

Companies mining and producing gold

AEM · NEM · B
Silver Miners↓ -0.59%

WPM · PAAS · CDE

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026bullish

Transcript signals

Bull points

  • we have reiterated our production and cost guidance for the year.
  • Total cost of sales came in at $82 million with cash costs of negative nearly $12 per ounce and ASIC of negative $8.39 per ounce, bought after byproduct credits. Those are best-in-class numbers, and they reflect the strong byproduct revenue we are getting from gold, zinc, and lead.
  • Cash flow from operation was $131 million, and free cash flow was 126 million, a very strong quarter.

Bear points

  • Prices have been volatile year to date. That's the nature of this market.
  • Prices have been volatile year to date. That's the nature of this market.
Read full transcript analysis ›