A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
HECLA MINING CO/DE/
HL
$9.9B
Mkt Cap
$15.14
-1.17%
HECLA MINING CO/DE/ (HL) has a current P/E ratio of 30.9, compared to its historical median P/E of 62.3. The stock is currently considered Cheap based on its historical valuation range.
HECLA MINING CO/DE/ (HL) has a 5-year average return on invested capital (ROIC) of 3.0%. This is below average and may indicate limited pricing power.
HECLA MINING CO/DE/ (HL) has a market capitalization of $10.2B. It is classified as a large-cap stock.
Yes, HECLA MINING CO/DE/ (HL) pays a dividend with a trailing twelve-month yield of 0.10%. The company also returns capital through share buybacks, with a buyback yield of 0.02%.
Based on historical P/E analysis, HECLA MINING CO/DE/ (HL) appears cheap. The current P/E of 30.9 is 50% below its historical median of 62.3. The estimated fair value CAGR (P/E method) is 45.4%.
HECLA MINING CO/DE/ (HL) operates in the Mining & Quarrying Of Nonmetallic Minerals (No Fuels) industry, within the Materials sector.
HECLA MINING CO/DE/ (HL) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Hecla Mining Company discovers, acquires, develops and operates precious and base metal mines, producing concentrates containing silver, gold, lead, zinc and copper, as well as carbon material and unrefined doré containing silver and gold, which are sold to custom smelters, metal traders, processors and refiners. The company operates four primary segments: Greens Creek (a world-class low-cost silver mine in Alaska producing for over 35 years), Lucky Friday (a silver mine in Idaho's Coeur d'Alene Mining District), Keno Hill (acquired in 2022 and ramping toward steady-state production), and Casa Berardi (a gold mine in Quebec, subject to a pending sale agreement announced in January 2026). Hecla's business model is capital-intensive and cyclical, dependent on commodity prices for silver, gold, lead and zinc; the company generates revenue through concentrate and doré sales to third-party processors and refiners, with unit economics characterized by all-in sustaining costs per ounce and free cash flow generation at each operating mine. The company's competitive moat derives from long-life, low-cost assets in favorable North American jurisdictions, proven mining infrastructure, and a portfolio positioned for medium-term production growth toward 20 million ounces of silver annually. Hecla's strategic focus is on becoming the premier North American silver producer, with approximately 73% of revenue expected to be tied to silver sales post-Casa Berardi divestiture, and the company maintains a disciplined capital allocation framework targeting return on invested capital thresholds of 10–15% for sustaining and growth investments.
【Silver-focused transformation underway】 Management is executing a strategic repositioning toward pure-play North American silver production following the announced Casa Berardi divestiture, which is expected to close in the first quarter of 2026 and will increase silver revenue exposure to approximately 73% of total revenue. The company is advancing multiple near-term and medium-term growth projects, including the ramp-up of Keno Hill toward 440 tons per day capacity (anticipated in 2028), completion of the Lucky Friday surface cooling project by mid-2026, and a near-doubling of exploration investment in 2026 to identify long-term production growth opportunities across Nevada, the Yukon, and other under-explored districts. Management expects to generate substantial free cash flow to support debt reduction, balance sheet strengthening, and continued investment in growth and exploration initiatives, with the company positioned to achieve a debt-free balance sheet at sustaining or better metal prices and to capitalize on structural silver supply tightness expected to persist over the medium term.
| Metric | Target | Period |
|---|---|---|
| Silver production | 15.1–16.5 million ounces | FY2026 |
| Greens Creek silver production | 7.5–8.1 million ounces | FY2026 |
| Greens Creek gold production | 51,000–55,000 ounces | FY2026 |
| Lucky Friday silver production | 4.7–5.2 million ounces | FY2026 |
| Keno Hill silver production | 2.9–3.2 million ounces | FY2026 |
| Keno Hill capital investment | $61–66 million | FY2026 |
| Consolidated free cash flow | over $900 million | FY2026 |
| Consolidated free cash flow | over $700 million | FY2026 |
Silver production (FY2026): “We're guiding to 15.1 million ounces- 16.5 million ounces of silver in 2026, a strong operational baseline.”
Greens Creek silver production (FY2026): “For 2026, we are projecting 7.5-8.1 million ounces of silver and 51,000-55,000 ounces of gold, with AISC guided to nearly $0 after by-product credits.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.4B | 930M | 720M | 719M | 807M |
| Net Income | 273M | 321M | 35M | -85M | -38M | 35M |
| EPS | $0.42 | $0.49 | $0.06 | $-0.14 | $-0.07 | $0.06 |
| Free Cash Flow | 484M | 310M | 3.8M | -148M | -59M | 111M |
| ROIC | 18.1% | 13.4% | 2.5% | -3.2% | -0.5% | 2.7% |
| Gross Margin | 50.9% | 43.7% | 21.3% | 15.7% | 16.2% | 27.0% |
| Debt/Equity | 0.10 | 0.11 | 0.29 | 0.34 | 0.27 | 0.30 |
| Dividends/Share | $0.02 | $0.01 | $0.01 | $0.04 | $0.04 | $0.04 |
| Operating Income | 686M | 515M | 106M | -45M | -12M | 83M |
| Operating Margin | 43.6% | 36.2% | 11.4% | -6.2% | -1.7% | 10.3% |
| ROE | 10.6% | 13.9% | 1.7% | -4.3% | -1.9% | 2.0% |
| Shares Outstanding | 675M | 655M | 588M | 605M | 541M | 576M |
| Metric | 2017 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 501M | 444M | 646M | 578M | 567M | 673M | 692M | 807M | 719M | 720M | 930M | 1.4B | 1.6B |
| Gross Margin | 17.0% | 8.7% | 28.5% | 26.4% | 13.9% | 3.5% | 23.3% | 27.0% | 16.2% | 15.7% | 21.3% | 43.7% | 50.9% |
| R&D | N/A | N/A | 243K | 3.3M | 5.4M | 535K | 0 | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 32M | 34M | 45M | 36M | 37M | 36M | 36M | 35M | 43M | 43M | 45M | 58M | 61M |
| EBIT | 22M | -36M | 109M | 60M | -39M | -57M | 67M | 83M | -12M | -45M | 106M | 515M | 686M |
| Op. Margin | 4.3% | -8.0% | 16.9% | 10.4% | -6.9% | -8.5% | 9.7% | 10.3% | -1.7% | -6.2% | 11.4% | 36.2% | 43.6% |
| Net Income | 17M | -88M | 61M | -29M | -27M | -100M | -10M | 35M | -38M | -85M | 35M | 321M | 273M |
| Net Margin | 3.4% | -19.7% | 9.4% | -5.0% | -4.8% | -14.9% | -1.4% | 4.3% | -5.3% | -11.8% | 3.8% | 22.6% | 17.4% |
| Non-Recurring | 2.4M | 1.2M | 958K | 6.9M | 11M | -3.2M | -572K | 6.5M | 2.6M | 21M | 12M | 13M | 13M |
| Returns on Capital | |||||||||||||
| ROIC | 1.3% | -4.7% | 4.4% | 3.4% | -1.2% | -4.6% | 3.4% | 2.7% | -0.5% | -3.2% | 2.5% | 13.4% | 18.1% |
| ROE | 1.3% | -6.4% | 4.4% | -2.0% | -1.6% | -5.9% | -0.6% | 2.0% | -1.9% | -4.3% | 1.7% | 13.9% | 10.6% |
| ROA | 0.8% | -3.9% | 2.7% | -1.2% | -1.0% | -3.8% | -0.4% | 1.3% | -1.3% | -2.8% | 1.2% | 9.8% | 8.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 83M | 106M | 225M | 116M | 94M | 121M | 181M | 220M | 90M | 75M | 218M | 563M | 721M |
| Free Cash Flow | -39M | -31M | 61M | 18M | -43M | -555K | 90M | 111M | -59M | -148M | 3.8M | 310M | 484M |
| Owner Earnings | -34M | -12M | 94M | -17M | -53M | -89M | 19M | 42M | -61M | -95M | 19M | 386M | 549M |
| CapEx | 123M | 137M | 165M | 98M | 137M | 121M | 91M | 109M | 149M | 224M | 214M | 252M | 238M |
| Maint. CapEx | 112M | 113M | 125M | 126M | 141M | 204M | 155M | 173M | 145M | 164M | 190M | 166M | 161M |
| Growth CapEx | 10M | 25M | 40M | 0 | 0 | 0 | 0 | 0 | 4.2M | 60M | 24M | 87M | 77M |
| D&A | 112M | 113M | 125M | 126M | 141M | 204M | 155M | 173M | 145M | 164M | 190M | 166M | 161M |
| CapEx/OCF | 147.4% | 129.1% | 73.1% | 84.6% | 145.3% | 100.5% | 50.3% | 49.5% | 166.2% | 296.5% | 98.3% | 44.9% | 32.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.5M | 3.7M | 3.9M | 4.0M | 4.4M | 4.9M | 9.2M | 21M | 13M | 16M | 25M | 10M | 11M |
| Dividend Yield | 0.4% | 0.4% | 0.2% | 0.2% | 0.3% | 0.5% | 0.5% | 0.6% | 0.5% | 0.5% | 0.8% | 0.2% | 0.1% |
| Share Buybacks | 3.7M | 1.9M | 4.4M | 2.9M | 2.7M | 2.2M | 2.7M | 4.5M | 3.7M | 2.0M | 1.2M | 885K | 2.0M |
| Buyback Yield | 0.4% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 5.0M | 5.4M | 6.2M | 6.3M | 6.3M | 5.7M | 6.5M | 6.1M | 6.0M | 6.6M | 8.7M | 11M | 12M |
| Debt Repayment | 9.1M | 11M | 11M | 470K | 106M | 280M | 717M | 0 | 25M | 111M | 384M | 427M | 427M |
| Balance Sheet | |||||||||||||
| Net Debt | 289M | 348M | 303M | 288M | 489M | 407M | 258M | 107M | 327M | 460M | 557M | -25M | -344M |
| Cash & Equiv. | 210M | 155M | 170M | 186M | 27M | 62M | 130M | 210M | 105M | 106M | 27M | 242M | 607M |
| Long-Term Debt | 498M | 500M | 501M | 502M | 533M | 505M | 9.3M | 516M | 518M | 653M | 509M | 269M | N/A |
| Debt/Equity | 0.36 | 0.38 | 0.34 | 0.35 | 0.32 | 0.31 | 0.30 | 0.30 | 0.27 | 0.34 | 0.29 | 0.11 | 0.10 |
| Interest Coverage | 0.8 | -1.4 | 5.0 | 1.6 | -1.0 | -1.2 | 1.4 | 2.0 | -0.3 | -1.0 | 2.1 | 12.4 | 12.4 |
| Equity | 1.4B | 1.3B | 1.5B | 1.5B | 1.7B | 1.7B | 1.7B | 1.8B | 2.0B | 2.0B | 2.0B | 2.6B | 2.6B |
| Total Assets | 2.3B | 2.2B | 2.4B | 2.3B | 2.7B | 2.6B | 2.7B | 2.7B | 2.9B | 3.0B | 3.0B | 3.6B | 3.4B |
| Total Liabilities | 865M | 883M | 892M | 884M | 1.0B | 945M | 986M | 968M | 948M | 1.0B | 942M | 969M | 805M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -141M | -233M | -185M | -218M | -248M | -353M | -368M | -354M | -404M | -504M | -494M | -182M | -204M |
| Working Capital | 225M | 142M | 165M | 209M | 28M | 62M | 137M | 181M | 89M | 103M | 16M | 398M | 764M |
| Current Assets | 316M | 270M | 291M | 321M | 164M | 179M | 284M | 342M | 268M | 260M | 214M | 629M | 958M |
| Current Liabilities | 91M | 127M | 126M | 112M | 136M | 117M | 147M | 160M | 178M | 157M | 198M | 232M | 194M |
| Per Share Data | |||||||||||||
| EPS | 0.05 | -0.23 | 0.16 | -0.07 | -0.06 | -0.20 | -0.02 | 0.06 | -0.07 | -0.14 | 0.06 | 0.49 | 0.42 |
| Owner EPS | -0.10 | -0.03 | 0.25 | -0.04 | -0.12 | -0.18 | 0.04 | 0.07 | -0.11 | -0.16 | 0.03 | 0.59 | 0.81 |
| Book Value | 4.04 | 3.49 | 3.83 | 3.52 | 3.74 | 3.38 | 3.42 | 3.06 | 3.66 | 3.25 | 3.47 | 3.95 | 3.81 |
| Cash Flow/Share | 0.24 | 0.28 | 0.59 | 0.28 | 0.21 | 0.24 | 0.36 | 0.38 | 0.17 | 0.12 | 0.37 | 0.86 | 0.64 |
| Dividends/Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.02 |
| Shares Out. | 345.4M | 380.5M | 381.4M | 415.3M | 451.9M | 500.5M | 500.4M | 575.7M | 541.4M | 605.5M | 587.5M | 655.4M | 675.2M |
| Valuation | |||||||||||||
| P/E Ratio | 54.4 | N/A | 31.5 | N/A | N/A | N/A | N/A | 85.1 | N/A | N/A | 83.3 | 41.2 | 35.9 |
| P/FCF | N/A | N/A | 31.8 | 90.1 | N/A | N/A | 34.0 | 26.4 | N/A | N/A | 775.8 | 42.7 | 21.1 |
| EV/EBIT | 56.8 | N/A | 20.3 | 31.5 | N/A | N/A | 49.3 | 36.5 | N/A | N/A | 32.8 | 25.7 | 14.4 |
| Price/Book | 0.7 | 0.5 | 1.3 | 1.1 | 0.6 | 1.0 | 1.8 | 1.7 | 1.5 | 1.5 | 1.4 | 5.1 | 4.0 |
| Price/Sales | 2.0 | 2.1 | 2.6 | 3.6 | 2.6 | 1.5 | 2.8 | 4.4 | 3.7 | 4.3 | 3.3 | 3.9 | 6.5 |
| FCF Yield | -4.2% | -4.4% | 3.1% | 1.1% | -4.2% | -0.0% | 2.9% | 3.8% | -2.1% | -5.0% | 0.1% | 2.3% | 4.7% |
| Market Cap | 939M | 698M | 1.9B | 1.6B | 1.0B | 1.6B | 3.1B | 2.9B | 2.9B | 3.0B | 2.9B | 13.2B | 10.2B |
| Avg. Price | 2.83 | 2.49 | 4.36 | 4.99 | 3.20 | 2.07 | 3.91 | 6.23 | 4.91 | 5.10 | 5.27 | 8.50 | 15.14 |
| Year-End Price | 2.72 | 1.83 | 5.04 | 3.87 | 2.25 | 3.21 | 6.10 | 5.11 | 5.33 | 4.88 | 5.00 | 20.20 | 15.14 |
HECLA MINING CO/DE/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
HECLA MINING CO/DE/ trades at 30.9x trailing earnings, compared to its 15-year median P/E of 62.3x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 32.7x vs a median of 34.0x. The company's 5-year average ROIC is 3.0% with a gross margin of 24.8%. Total shareholder yield (dividends) is 0.1%. At current prices, the estimated annualized return to fair value is +4.5%.
HECLA MINING CO/DE/ (HL) has a net profit margin of 22.6%. This is a strong margin indicating high profitability.
HECLA MINING CO/DE/ (HL) generated $310 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HECLA MINING CO/DE/ (HL) has a debt-to-equity ratio of 0.11. This indicates a conservatively financed balance sheet.
HECLA MINING CO/DE/ (HL) reported earnings per share (EPS) of $0.49 in its most recent fiscal year.
HECLA MINING CO/DE/ (HL) has a return on equity (ROE) of 13.9%. This indicates moderate shareholder returns.
HECLA MINING CO/DE/ (HL) has a 5-year average gross margin of 24.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for HECLA MINING CO/DE/ (HL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HECLA MINING CO/DE/ (HL) has a book value per share of $3.95, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing a strategic repositioning toward pure-play North American silver production following the announced Casa Berardi divestiture, which is expected to close in the first quarter of 2026 and will increase silver revenue exposure to approximately 73% of total revenue. The company is advancing multiple near-term and medium-term growth projects, including the ramp-up of Keno Hill toward 440 tons per day capacity (anticipated in 2028), completion of the Lucky Friday surface cooling project by mid-2026, and a near-doubling of exploration investment in 2026 to identify long-term production growth opportunities across Nevada, the Yukon, and other under-explored districts. Management expects to generate substantial free cash flow to support debt reduction, balance sheet strengthening, and continued investment in growth and exploration initiatives, with the company positioned to achieve a debt-free balance sheet at sustaining or better metal prices and to capitalize on structural silver supply tightness expected to persist over the medium term.
Based on recent SEC filings and earnings calls, HECLA MINING CO/DE/ (HL) has provided the following forward guidance: Silver production: 15.1–16.5 million ounces (FY2026); Greens Creek silver production: 7.5–8.1 million ounces (FY2026); Greens Creek gold production: 51,000–55,000 ounces (FY2026); Lucky Friday silver production: 4.7–5.2 million ounces (FY2026); Keno Hill silver production: 2.9–3.2 million ounces (FY2026), plus 3 additional metrics.
Greens Creek gold production (FY2026): “For 2026, we are projecting 7.5-8.1 million ounces of silver and 51,000-55,000 ounces of gold, with AISC guided to nearly $0 after by-product credits.”
Lucky Friday silver production (FY2026): “For 2026, we are guiding to 4.7-5.2 million ounces of silver production, with AISC of $23.50-$26 per ounce after by-product credits.”
Keno Hill silver production (FY2026): “For 2026, we are guiding to 2.9-3.2 million ounces of silver production, with capital investment of $61-$66 million as we continue to advance toward steady state operations.”
Keno Hill capital investment (FY2026): “For 2026, we are guiding to 2.9-3.2 million ounces of silver production, with capital investment of $61-$66 million as we continue to advance toward steady state operations.”
Consolidated free cash flow (FY2026): “At $100 ounce per silver and $5,500 ounce per gold, we project over $900 million of consolidated free cash flow for the full year.”
Consolidated free cash flow (FY2026): “At price assumptions of about where we are today, $75 silver and $4,500 gold, we project over $700 million.”
No recent press releases.