Hecla Mining Company (HL) Fair Value & Analysis
Basic Materials · US · Market cap $13.9B · ISIN US4227041062
What is Hecla Mining Company really worth?
Hecla Mining Company
HL · US
A solid business, but trading 161% above our fair value of $8.14.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 7 days ago
Share price +37.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case ($10.18). The favourable scenario is already priced in.
- A fairly wide model range ($5.34 to $10.18) 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 29, 2026.
How to read this chart
60‑month range $3.34 – $31.79 · fair‑value band $5.34 – $10.18 · the $21.21 price screens above the $8.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Hecla Mining Company (HL) currently trades at $21.21, while our model-based Fair Value estimate is $8.14, implying the stock looks roughly 160.6% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of $9.66 per share, and 0 of the 26 models we run sit above the $21.21 price. Bear case: the Asset-Based group reads lowest at $2.58, and 26 of the 26 models stay below the price. Evidence for this calculation is 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 29, 2026
Our scenario range runs from $5.34 (bear case) to $10.18 (bull case); at $21.21, 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 38% below its 52-week high and 288% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −50% fair-value upside, at −62%, HL screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.4586 per share, which is 5.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models ($9.66) versus Dividend Discount ($0.2500). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 58
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 % · buybacks/dilution −5.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
HL screens 161% overvalued. Compare with PT Amman Mineral Internasional Tbk →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- NVRO Metals Advances Commercial Deployment of the NVRO Process™ Through Successful Continuous Production Demonstration on Hecla Greens Creek
- Is Hecla Mining (HL) Still Undervalued Or Is Its Recent Rally Already Priced In?
- Is Hecla Mining (HL) Getting Too Expensive For Its Cash Flow?
Peer Group
Other Precious Metals & Mining · 103 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
Strength profile in five axes (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.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Amman Mineral Internasional Tbk AMMN | 4,480 IDR | 1,021 IDR | −77% |
| Compañía de Minas Buenaventura S.A. BVN | $35.12 | $29.53 | −16% |
| Sibanye Stillwater Limited SBSW | $11.85 | $19.35 | +63% |
| China Gold International Resources Corp CGG | C$46.69 | C$25.63 | −45% |
| Artemis Gold Inc ARTG | C$43.62 | C$21.85 | −50% |
| Triple Flag Precious Metals Corp TFPM | $32.25 | $16.03 | −50% |
| PT Merdeka Battery Materials Tbk. MBMA | 545.00 IDR | 82.43 IDR | −85% |
| Perpetua Resources Corp PPTA | C$34.90 | C$5.80 | −83% |
| Zhaojin International Gold Co 000506 | ¥19.06 | ¥2.84 | −85% |
| Sino-Platinum Metals Co 600459 | ¥21.30 | ¥13.23 | −38% |
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