HECLA MINING CO/DE/ (HL) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does HECLA MINING CO/DE/ Do?
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine situated in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine situated in the city of Durango, Mexico. The company also holds 100% interests in the Fire Creek mine located in Lander County, Nevada; and the Hollister and Midas mines situated in Elko County, Nevada. Hecla Mining Company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho. HECLA MINING CO/DE/ (HL) is classified as a large-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO Phillips S. Baker and employs approximately 1,850 people, headquartered in Coeur d'Alene, Idaho. With a market capitalization of $12.9B, HL is one of the prominent companies in the Materials sector.
HECLA MINING CO/DE/ (HL) Stock Rating — Hold (April 2026)
As of April 2026, HECLA MINING CO/DE/ receives a Hold rating with a composite score of 50.4/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.HL ranks #1,689 out of 4,446 stocks in our coverage universe. Within the Materials sector, HECLA MINING CO/DE/ ranks #107 of 284 stocks, placing it in the upper half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
HL Stock Price and 52-Week Range
HECLA MINING CO/DE/ (HL) currently trades at $19.36. The stock gained $0.06 (0.3%) in the most recent trading session. The 52-week high for HL is $34.17, which means the stock is currently trading -43.4% from its annual peak. The 52-week low is $4.46, putting the stock 334.0% above its annual trough. Recent trading volume was 8.0M shares, reflecting moderate market activity.
Is HL Overvalued or Undervalued? — Valuation Analysis
HECLA MINING CO/DE/ (HL) carries a value factor score of 55/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 68.61x, compared to the Materials sector average of 26.50x — a premium of 159%. The price-to-book ratio stands at 5.01x, versus the sector average of 2.83x. The price-to-sales ratio is 10.63x, compared to 0.74x for the average Materials stock. On an enterprise value basis, HL trades at 40.89x EV/EBITDA, versus 6.01x for the sector.
Overall, HL's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
HECLA MINING CO/DE/ Profitability — ROE, Margins, and Quality Score
HECLA MINING CO/DE/ (HL) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 7.3%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 5.3% versus the sector average of 0.6%.
On a margin basis, HECLA MINING CO/DE/ reports gross margins of 34.0%, compared to 29.8% for the sector. The operating margin is 24.1% (sector: 6.0%). Net profit margin stands at 13.8%, versus 3.0% for the average Materials stock. Revenue growth is running at 66.7% on a trailing basis, compared to 1.8% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
HL Debt, Balance Sheet, and Financial Health
HECLA MINING CO/DE/ has a debt-to-equity ratio of 37.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.72x, indicating strong short-term liquidity. Total debt on the balance sheet is $270M. Cash and equivalents stand at $134M.
HL has a beta of 1.06, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for HECLA MINING CO/DE/ is 38/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
HECLA MINING CO/DE/ Revenue and Earnings History — Quarterly Trend
In TTM 2026, HECLA MINING CO/DE/ reported revenue of $1.22B and earnings per share (EPS) of $0.49. Net income for the quarter was $189M. Gross margin was 34.0%. Operating income came in at $317M.
In FY 2025, HECLA MINING CO/DE/ reported revenue of $1.42B and earnings per share (EPS) of $0.49. Net income for the quarter was $322M. Gross margin was 43.7%. Revenue grew 53.0% year-over-year compared to FY 2024. Operating income came in at $515M.
In Q3 2025, HECLA MINING CO/DE/ reported revenue of $410M and earnings per share (EPS) of $0.15. Net income for the quarter was $101M. Gross margin was 44.1%. Revenue grew 67.1% year-over-year compared to Q3 2024. Operating income came in at $149M.
In Q2 2025, HECLA MINING CO/DE/ reported revenue of $304M and earnings per share (EPS) of $0.09. Net income for the quarter was $58M. Gross margin was 39.3%. Revenue grew 23.8% year-over-year compared to Q2 2024. Operating income came in at $94M.
Over the past 8 quarters, HECLA MINING CO/DE/ has demonstrated a growth trajectory, with revenue expanding from $246M to $1.22B. Investors analyzing HL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
HL Dividend Yield and Income Analysis
HECLA MINING CO/DE/ (HL) currently pays a dividend yield of 0.2%. At this yield, a $10,000 investment in HL stock would generate approximately $$21.00 in annual dividend income. This compares to the Materials sector average dividend yield of 0.5%, meaning HL yields less than the typical sector peer. The net margin of 13.8% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
HL Momentum and Technical Analysis Profile
HECLA MINING CO/DE/ (HL) has a momentum factor score of 70/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 36/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
HL vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, HECLA MINING CO/DE/ (HL) ranks #107 out of 284 stocks based on the Blank Capital composite score. This places HL in the upper half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing HL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full HL vs S&P 500 (SPY) comparison to assess how HECLA MINING CO/DE/ stacks up against the broader market across all factor dimensions.
HL Next Earnings Date
No upcoming earnings date has been announced for HECLA MINING CO/DE/ (HL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy HL? — Investment Thesis Summary
HECLA MINING CO/DE/ presents a balanced picture with arguments on both sides. Price momentum is positive at 70/100, suggesting the trend favors buyers. High volatility (stability score 38/100) increases portfolio risk.
In summary, HECLA MINING CO/DE/ (HL) earns a Hold rating with a composite score of 50.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on HL stock.
Related Resources for HL Investors
Explore more research and tools: HL vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare HL head-to-head with peers: HL vs CF, HL vs NTR, HL vs UAN.