Hecla Mining carries a wide economic moat, 17% gross margins, and a Piotroski F-Score of 9/9 while trading at a forward price-to-earnings of roughly 14x and 33% below the analyst target — a quality-at-discount setup constrained by commodity concentration and heavy options-market downside positioning that argues for a starter-sized position.
Thesis pillars
- Wide Moat Quality Franchise→Stable
- Compelling Risk Reward To Target↓Deteriorating
- Commodity Concentration Cyclical Risk→Stable
- +2 more pillars — see the Why tab for full reasoning
Hecla Mining Company (HL) Stock Analysis
Range Bound setup · Temporary headwind edge
Basic Materials · Other Precious Metals & Mining
Wait for pullback to $14.71. Weak momentum; also recent C-suite change — blocks BUY_NOW at $15.16. Engine's entry $14.71 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Commodity: silver, gold, lead and zinc; Negative momentum.
Hecla Mining Company has produced precious and base metals since 1891, operating four North American mines: Greens Creek (Alaska, 44% of 2025 metals sales), Lucky Friday (Idaho, 22%), Keno Hill (Yukon, 11%), and Casa Berardi (Quebec, 23%, pending sale). Concentrates and doré are... Read more
Wait for pullback to $14.71. Weak momentum; also recent C-suite change — blocks BUY_NOW at $15.16. Engine's entry $14.71 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Commodity: silver, gold, lead and zinc; Negative momentum. Chart setup: RSI 47 mid-range, Bollinger mid-band. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.19, quality 8.4/10, growth 10.0/10). Score 7.0/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: speculative.
Recent developments
updated 2026-07-27Recent Developments — Hecla Mining Company
Latest news
- NEWS HL^B (Hecla) management highlights precious metals production expansion as top strategic priority this year. - Investor — Newser positive
- NEWS Hecla Mining (NYSE:HL) Upgraded to "Buy" at Canaccord Genuity Group - MarketBeat — MarketBeat positive
- NEWS Hecla Mining Co (HL) Shares Fall 3.6% -- GF Value Says Still Overvalued - GuruFocus — GuruFocus negative
- NEWS Hecla Mining Co (HL) Shares Surge 3.5% -- What GF Score of 64 Te - GuruFocus — GuruFocus positive
- NEWS A Look at Hecla Mining Co (HL) After 5.7% Decline -- GF Value $9 - GuruFocus — GuruFocus negative
Generated 2026-07-27T14:48:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCommoditysilver, gold, lead and zinc10-K Item 1: 'Our operating results are substantially dependent upon the prices of silver, gold, lead and zinc'
- MEDIUMCustomerrelatively small number of customers10-K Item 1A: 'We derive a significant amount of revenue from a relatively small number of customers'
- MEDIUMGeographicGreens Creek44%10-K Item 1: 'The contributions to our total metals sales by our significant operations in 2025 were 44.3% from Greens Creek'
Material Events(8-K, last 90d)
- 2026-05-22Item 5.02LOWOn May 21, 2026, shareholders approved an amendment to Hecla's Director Stock Plan extending its expiration date from May 2027 to May 2036. Routine compensatory arrangement change; no officer departure.SEC filing →
- 2026-04-10Item 1.02MEDIUMOn April 9, 2026, Hecla completed full redemption of remaining $263 million 7.25% Senior Notes due 2028, terminating the Indenture (Feb 2020) and two supplemental indentures. No default; redemption completed at par per notice from trustee.SEC filing →
- 2026-04-10Item 2.04LOWTriggering event related to full redemption of $263 million 7.25% Senior Notes due 2028 on April 9, 2026. Obligation accelerated via redemption; no default. Incorporates Item 1.02 by reference.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $14.71. Weak momentum; also recent C-suite change — blocks BUY_NOW at $15.16. Engine's entry $14.71 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Commodity: silver, gold, lead and zinc; Negative momentum. Chart setup: RSI 47 mid-range, Bollinger mid-band. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.19, quality 8.4/10, growth 10.0/10). Target $20.47 (+35.0%), stop $13.20 (−14.8%), A.R:R 3.5:1. Score 7.0/10, moderate confidence.
Take-profit target: $20.47 (+34.6% upside). Target $20.47 (+35.0%), stop $13.20 (−14.8%), A.R:R 3.5:1. Stop-loss: $13.20.
Concentration risk — Commodity: silver, gold, lead and zinc; Negative momentum.
Hecla Mining Company trades at a P/E of 21.9 (forward 13.0). TrendMatrix value score: 7.8/10. Verdict: Buy (Wait for Entry).
17 analysts cover HL with a consensus score of 3.8/5. Average price target: $24.
What does Hecla Mining Company do?Hecla Mining Company has produced precious and base metals since 1891, operating four North American mines: Greens...
Hecla Mining Company has produced precious and base metals since 1891, operating four North American mines: Greens Creek (Alaska, 44% of 2025 metals sales), Lucky Friday (Idaho, 22%), Keno Hill (Yukon, 11%), and Casa Berardi (Quebec, 23%, pending sale). Concentrates and doré are sold to custom smelters, metal traders, and refiners; the company realized average silver of $45.25/oz and gold of $3,490/oz in 2025.