Hecla Mining Company (HL) Fair Value & Analysis
Basic Materials · US · Market cap $9.7B
Hecla Mining Company
HL · US
Fair value as of: Aug 13, 2026
From 26 valuation models · updated yesterday
Share price +14.4% over the past month.
A solid business, but screening 54% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($10.19). The favourable scenario is already priced in.
- Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($5.20 to $10.19) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range $3.34 – $31.80 · fair‑value band $5.20 – $10.19 · the $17.73 price screens above the $8.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Hecla Mining Company (HL) currently trades at $17.73, while our model-based Fair Value estimate is $8.15, implying the stock looks roughly 54.0% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Hecla Mining Company generated revenue of $1.6B at a net margin of 16.8%. Revenue grew 100.4% year over year. It earns a return on equity of 19.9%. Net debt stands at $34.2M. Fundamentals as of Aug 13, 2026
Our scenario range runs from $5.20 (bear case) to $10.19 (bull case); at $17.73, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 224% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -39% fair-value upside, at -54%, HL screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models ($9.32) versus Dividend Discount ($0.2300). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally.
Full company description
Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and unrefined doré containing silver and gold. The company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hecla Mining Company reported revenue of $1.4B in FY2025 versus $807M in FY2021, a compound +15.2%/yr. Reported net income was $322M in FY2025, compounding +74.0%/yr from FY2021.
of which total revenue +7.9 pp · buybacks/dilution −5.9 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
HL screens 54% overvalued. Compare with Fresnillo plc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Hecla Mining (HL) Could Be 33% Undervalued As Strong Q2 Reframes Fair Value
- Hecla Mining (HL) Is Up 16.9% After Strong Q2 Profit And Debt-Free Balance Sheet Update
- Hecla Mining Co (HL) (Q2 2026) Earnings Call Highlights: Record Free Cash Flow and Strategic ...
Peer Group
Other Precious Metals & Mining · 100 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fresnillo plc FRES | 579.75 MXN | 544.18 MXN | -6% |
| Compañía de Minas Buenaventura S.A. BVN | $34.60 | $29.53 | -15% |
| Sibanye Stillwater Limited SBSW | $10.71 | $19.44 | +82% |
| China Gold International Resources Corp CGG | C$35.90 | C$18.48 | -49% |
| Artemis Gold Inc ARTG | C$39.91 | C$21.85 | -45% |
| Triple Flag Precious Metals Corp TFPM | $32.25 | $16.03 | -50% |
| Zhaojin International Gold Co 000506 | ¥19.06 | ¥2.84 | -85% |
| Sino-Platinum Metals Co 600459 | ¥21.71 | ¥13.23 | -39% |
| Perpetua Resources Corp PPTA | C$35.18 | C$5.85 | -83% |
| Al Masane Al Kobra Mining Company 1322 | 84.45 SAR | 53.08 SAR | -37% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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