Hecla Mining HL

NYSE | Producer | Silver, Gold, Lead and Zinc
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Updated: 16 Sep 2026 Base analysis: 27 Jan 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Hold only if tolerant of high silver volatility; avoid adding before clear stabilization in the silver price.

Record free cash flow and a debt-free balance sheet provide fundamental support despite ongoing silver price volatility.

Market sentiment Positive ↑
Trend: Improving

Sentiment has strengthened on rising metal prices and the company's strong cash flow, although valuation is questioned.

Risk assessment Medium
Dilution: Low Debt-free status and a large cash balance after the Casa Berardi transaction reduce the likelihood of equity issuance; an undrawn credit facility adds further flexibility.
Jurisdiction: Low
Execution: Medium
Cash flow: 24 mo

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 16 Sep 2026 — ▼ Outstanding shares fell from 681 million to 671.8 million following transactions during Q2 2026.

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Sector: Silver, Gold, Lead and Zinc
Type: Producer
Next report (Q3)
5 Nov 2026
Catalysts
◌
2026
Expanded exploration Medium
Bull case

Record free cash flow and a debt-free balance sheet provide robust support for continued organic growth.

Bear case

Higher valuation after the rally requires continued strong operational delivery and stable silver prices.

Why this signal

Record free cash flow and a debt-free balance sheet provide fundamental support despite ongoing silver price volatility.

Recent news
  • NVRO Metals completed testing with Greens Creek tailings in August. Dividend paid in September, Virginia Retirement Systems and Legal & General acquired shares while insider selling was noted. The stock showed volatility between 18.60 and 21.21 USD.

Key figures

Revenue
Q2 2026
USD 334M
Net income
Q2 2026
USD 118M
Cash
Q2 2026
USD 483M
Total debt
Q2 2026
USD 7.6M
Gross margin
Q2 2026
90.0%
Shares outstanding
2026-07-31
671,768,431
EPS
Q2 2026
USD 0.18
Exchange
NYSE
Type
Producer
Sector
Silver, Gold, Lead and Zinc
Hecla Mining HL
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.