Hecla Mining Co (HL) stock analysis

P/E below its 5-year median

Hecla Mining's P/E of 25.2 is below its own 5-year median of 71.2.

P/E above the industry

Hecla Mining's P/E of 25.2 is above the Mining & quarrying of nonmetallic minerals (no fuels) median of 25.1.

EV/EBITDA below its 5-year median

Hecla Mining's EV/EBITDA of 8.7 is below its 5-year median of 18.9.

P/B above the industry

Hecla Mining's price-to-book of 3.36 is above the Mining & quarrying of nonmetallic minerals (no fuels) median of 1.80.

Trading below fair value

The share price of $14.12 is below our fair value estimate of $21.67.

Margin of safety over 20%

The price is 34.8% below fair value, more than the 20% cushion we look for.

Revenue growing 10%+ a year

Revenue grew 25.6% a year over the last three fiscal years.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 84.1% over the last twelve months; the Mining & quarrying of nonmetallic minerals (no fuels) median is 8.3%.

Guidance raised

Hecla Mining raised its 2026 AISC per silver ounce (after by-product credits) outlook on Aug 4, 2026.

Gross margin improving

Gross margin was 52.6% over the last twelve months, against 36.8% a year earlier.

Return on equity under 15%

Return on equity was 14.5% over the last twelve months and averaged 2.3% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 26.5%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Hecla Mining's return on equity of 14.5% is above the Mining & quarrying of nonmetallic minerals (no fuels) median of 4.8%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was 21.0% over the last twelve months, against a 5-year average of 2.8%.

Net margin above the industry

Hecla Mining's net margin of 21.0% is above the Mining & quarrying of nonmetallic minerals (no fuels) median of 4.2%.

Low debt

Debt is 0.3% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 29.6% five years ago to 0.3%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 11150% of total debt.

Interest well covered

No meaningful interest expense to cover.

Short-term assets cover short-term debts

Current assets are 5.96 times current liabilities.

Low bankruptcy risk

The Altman Z-score is 12.26; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Hecla Mining paid dividends worth 0.1% of the share price over the last twelve months.

Yield below Treasuries

The 0.1% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Hecla Mining yields 0.1%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 8 fiscal years.

Covered by earnings

Dividends take 2.8% of net income.

Covered by free cash flow

Dividends take 2.0% of free cash flow.