Hecla Mining Company (HL) AI Stock Analysis
HL AI stock analysis summary
AI ResearchHecla Mining Company is a producer of precious and base metals, focusing on silver and gold operations across North America. For FY2025, revenue increased 53.0% to $1.42B with net income reaching $321.7M. The company holds a strong liquidity position, with net cash of $472.6M as of June 30, 2026.
- Market cap
- $10.28B
- Revenue (TTM)
- $1.74B
- P/E
- 19.9x fwd 21.0x
- 1Y return
- 0.5% S&P 500 16.8%
- Avg. target
- $22.07 44.3% vs last close
Bull case
- Revenue expanded 53.0% in FY2025 to $1.42B as operating margin rose sharply to 37.7%.
- The balance sheet carries net cash of $472.6M with a debt-to-equity ratio of 0.00 as of June 30, 2026.
- Analyst estimates forecast FY2026 EPS of $0.76, reflecting projected growth of 59.9% over the prior year.
Bear case
- The stock is down 20.2% year-to-date and sits 19.5% below its 200-day average.
- Hecla posted net losses of -$37.3M in FY2022 and -$84.2M in FY2023, showing past earnings volatility.
- Share count increased 24.4% over five years, diluting existing shareholders.
What Hecla Mining does
Hecla Mining Company explores, acquires, develops, and produces precious and base metals in the United States and internationally. It mines silver, gold, lead, and zinc concentrates, as well as carbon material and dore bars containing silver and gold. These products are sold to custom smelters, metal traders, and third-party processors. Hecla owns 100% interests in the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, the Casa Berardi mine in Quebec, and the San Sebastian mine in Mexico. Its portfolio also includes Nevada properties such as the Fire Creek, Hollister, and Midas mines.
Growth and profitability
Hecla Mining generated a 5-year revenue compound annual growth rate of 15.5% from FY2020 to FY2025. Annual revenue grew from $807.5M in FY2021 to $1.42B in FY2025, rebounding from net losses of -$37.3M in FY2022 and -$84.2M in FY2023 to a net income of $321.7M in FY2025. Gross margin expanded to 43.7% and operating margin rose to 37.7% in FY2025, up from an operating margin of -6.2% in FY2023. In the trailing twelve months ended June 30, 2026, revenue totaled $1.74B with an operating margin of 44.3%. For the latest quarter ended June 30, 2026, quarterly revenue grew 52.4% year-over-year, while quarterly earnings surged 92.9%.
Balance sheet and cash flow
As of June 30, 2026, Hecla Mining reported cash and short-term investments of $485.3M against total debt of $12.7M, providing net cash of $472.6M. Total assets stood at $3.19B and shareholders' equity was $2.68B. Liquidity was supported by a current ratio of 5.20 and a debt-to-equity ratio of 0.00. In FY2025, the company generated $562.6M in operating cash flow and $310.2M in free cash flow, deploying $252.4M toward capital expenditures, $10.4M to dividends, and $885,000 to share buybacks.
Valuation and performance
At a last close of $15.30, Hecla Mining trades at a trailing price-to-earnings ratio of 19.9x, near the 19.7x median of its US-listed Basic Materials peers. Its forward price-to-earnings multiple of 21.0x stands higher than the peer median of 13.4x, and its enterprise-value-to-EBITDA ratio is 12.5x compared to the peer median of 10.5x. Over the past year, the stock returned 0.5%, trailing the 16.8% return of the S&P 500. Over five years, the stock returned 179.9% versus 83.0% for the index.
HL dividend
Hecla Mining has paid consecutive dividends for 16 years. It pays a quarterly dividend with an annualized forward payout of $0.02 per share, representing a dividend yield of 0.10%. The dividend payout ratio is 2.1%. Over the past five years, the dividend annualized growth rate was -2.3%. The most recent ex-dividend date was August 26, 2026.
What analysts expect
Ten analysts cover the stock, with 3 Strong Buy, 1 Buy, and 6 Hold recommendations. The mean price target is $22.07, representing a 44.3% premium over the last close of $15.30. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.76 and revenue of $1.42B. Hecla beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 4, 2026.
Key risks and what to watch
- Free cash flow fluctuates significantly, swinging from -$148.4M in FY2023 to $310.2M in FY2025.
- A high beta of 1.37 reflects higher price volatility compared to the broader market.
- The company trades at a forward P/E of 21.0x, above the US-listed Basic Materials peer median of 13.4x.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this HL AI stock analysis
This page is an AI-written research summary of Hecla Mining Company (HL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: HL income statement, HL balance sheet, HL key metrics, HL analyst forecast, HL chart. See the HL stock overview for the latest quote and news.
HL AI stock analysis FAQ
What is Hecla Mining's net cash position?
As of June 30, 2026, Hecla Mining held $485.3M in cash and short-term investments and $12.7M in total debt, resulting in net cash of $472.6M.
What do analysts target for Hecla Mining's stock price?
Analysts maintain a mean price target of $22.07, which is 44.3% above its last close of $15.30 on October 16, 2026.
Does Hecla Mining pay a dividend?
Yes, Hecla Mining pays a quarterly dividend totaling $0.02 annually, representing a dividend yield of 0.10% and a payout ratio of 2.1%.
When is Hecla Mining's next earnings report?
The company's next earnings date is scheduled for November 4, 2026.