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Hecla Mining Company

HL Basic Materials Other Precious Metals & Mining

Revenue
−3.59%
EPS
+48.5%
Free cash flow
+456.1%
Total debt
−97.4%

Quarter to September 2026, against a year earlier

14.51 0.44 −2.94%
Market cap
$9.7B
P/E
25.3×
Fwd P/E
17.0×
Dividend yield
0.10%
F-score
8/9
Altman Z
8.69
Beneish M
−1.02
Dividend safety
70/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2016

  • Greens Creek
  • Casa Berardi
  • San Sebastian
  • Lucky Friday

Every year since 2011 →

Insider Decisions last twelve months

Sold, $m 7.20
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 1 — — — — — — 1 — — —
Insider Ownership 0.81%

Capital & Financial Ratios $m

Size
Market Cap 9,710.00
Revenue ttm 1,588.22
Net income ttm 382.86
Free cash flow ttm 754.91
Net debt Q (684.49)
Valuation
P/E 25.34
Forward P/E 17.00
Price / sales 6.14
Forward P/S Powerpack
Price / FCF 12.91
Price / book 3.45
Financial health
Current ratio Q 5.96 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 253.47
Growth
Revenue growth Q −3.59% (below 0%: shrinking)
Operating income growth Q +5.72% (above 0%: growing)
EPS, this year +64.51% (at or above 15%: strong)
EPS, next year A +28.80% (at or above 15%: strong)
Revenue, next year A −0.42% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +27.94% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.7×, against a ten-year median of 4.1×; over the ten years it ranged from 2.0× in 2019 to 11.4× in 2026.
P/E against its own 10 years 5.73%
10-year low 10-year high
P/S against its own 10 years 89.26%
10-year low 10-year high
P/B against its own 10 years 90.50%
10-year low 10-year high
EV/Sales against its own 10 years 86.18%
10-year low 10-year high
EV/FCF against its own 10 years 0.50%
10-year low 10-year high

Dividends

Yield
0.10%
Annual rate
0.02
Payout ratio
2.71%
Growth, 2017–25
+5.37%/yr
  1. 0.01 ’17
  2. 0.01 ’18 +0
  3. 0.01 ’19 +0
  4. 0.02 ’20 +63
  5. 0.04 ’21 +129
  6. 0.03 ’22 −30
  7. 0.02 ’23 −5
  8. 0.04 ’24 +61
  9. 0.02 ’25 −62
  10. 0.03 ’26e +97
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 106 27 301 692
Receivables 33 49 187 169
Inventory 94 105 115 85
Other 27 33 26 106
260 214 629 1,052
2023 2024 2025 Q'26
Payables 82 89 102 143
ST’ Debt — 34 — —
Other 10 10 39 17
157 198 232 177

Compound Annual Growth %

10y 5y 3y
Sales 12.36% 15.51% 25.56%
Cash Flow 18.12% 25.49% 84.29%
Earnings 0.00% 0.00% 0.00%
Book Value 6.83% 8.62% 9.41%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY26 Estimate 0.27 Actual 0.24

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 0.05 0.08 Beat by 0.03
Q3 FY25 0.11 0.12 Beat by 0.01
Q4 FY25 0.14 0.19 Beat by 0.05
Q1 FY26 0.27 0.24 Miss by 0.03

EPS $

Mar Jun Sep Dec Year
’26 (0.03) 0.17 0.22 — —
’25 0.05 0.09 0.15 0.20 0.49
’24 (0.01) 0.04 0.00 0.02 0.06
’23 (0.01) (0.03) (0.04) (0.07) (0.14)
’22 0.01 (0.03) (0.04) (0.01) (0.07)
’21 0.03 0.01 0.00 0.02 0.06
’20 (0.03) (0.03) 0.03 0.01 (0.02)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 411 334 395 — —
’25 261 304 410 448 1,423
’24 190 246 245 250 930
’23 200 178 182 161 720
’22 186 191 146 195 719
’21 211 218 194 185 807
’20 137 166 200 189 692
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 194 175 203 — —
’25 36 162 148 217 563
’24 17 79 55 67 218
’23 41 24 10 1 75
’22 38 40 (24) 36 90
’21 38 86 43 53 220
’20 5 38 73 65 181
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 156 136 329 — —
’25 (2) 119 59 135 311
’24 (30) 30 0 7 5
’23 (14) (28) (45) (61) (147)
’22 17 6 (62) (20) (59)
’21 17 55 16 25 112
’20 (15) 27 50 28 90
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −0.9% a year for ten years. It grew 35.8% a year over the last ten.

Implied
−0.9%
10 years, reported
35.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 646 578 567 673 692 807 719 720 930 1,423 1,588 +9.2% 1,417 1,712 1,701 +6.1%
Gross margin, % 28.49 26.39 13.95 5.02 23.28 26.97 16.16 15.68 21.31 43.72 58.33 +15.2 pt
EBT 90 (8) (33) (113) (1) 6 (45) (83) 66 479 777 +20.5%
EBT margin, % 13.88 (1.31) (5.87) (16.82) (0.18) 0.68 (6.25) (11.52) 7.12 33.67 48.92 +19.8 pt
Net income 62 (29) (27) (95) (9) 35 (37) (84) 36 322 383 +20.2%
Per share, $
Per share, $ Revenue 1.67 1.45 1.31 1.37 1.31 1.51 1.29 1.19 1.50 2.18 2.36 +3.0%
Earnings 0.18 (0.06) (0.06) (0.20) (0.02) 0.06 (0.07) (0.14) 0.06 0.49 0.57 +11.8%
Cash flow 0.58 0.29 0.22 0.25 0.34 0.41 0.16 0.12 0.35 0.86 1.17 +4.5%
Capex (0.43) (0.25) (0.31) (0.25) (0.17) (0.20) (0.27) (0.37) (0.34) (0.39) (0.05) (1.1%)
Free cash flow 0.16 0.05 (0.09) 0.00 0.17 0.21 (0.11) (0.24) 0.01 0.48 1.12 +13.1%
Book value 3.83 3.68 3.90 3.45 3.25 3.28 3.55 3.25 3.29 3.98 4.20 +0.4%
Shares, m 386 397 433 490 527 536 557 606 621 652 666 +6.0%
Valuation, ×
Valuation, × P/E 34.03 0.00 0.00 0.00 0.00 82.46 0.00 0.00 92.99 39.16 25.34 24.9
P/S 3.29 2.92 1.80 2.47 4.94 3.47 4.39 3.94 3.28 8.79 6.14 3.9
P/B 1.44 1.15 0.60 0.98 1.99 1.59 1.59 1.44 1.49 4.83 3.45 1.7
EV/Sales 3.77 3.42 2.71 3.15 5.51 3.86 4.98 4.72 3.83 8.79 5.73 4.5
EV/FCF 39.97 108.38 (38.13) (5,707.29) 42.31 27.70 (60.89) (23.12) 650.49 40.22 12.05 (492.0)
Cash, $m
Cash, $m Operating cash flow 225 116 94 121 181 220 90 75 218 563 789 +10.7%
Capex (164) (98) (135) (121) (91) (108) (149) (223) (213) (252) (34) +4.8%
Free cash flow 61 18 (40) 0 90 112 (59) (147) 5 311 755 +19.9%
Balance, $m
Balance, $m Working capital 165 209 28 62 137 181 89 103 16 398 876 +10.3%
Net debt 308 295 518 460 396 314 422 547 516 (33) (684) n/m
Shareholders’ equity 1,480 1,461 1,691 1,692 1,714 1,761 1,979 1,968 2,040 2,592 2,822 +6.4%
Returns, %
Returns, % ROA 2.66 (1.23) (1.07) (3.57) (0.38) 1.27 (1.34) (2.86) 1.18 9.82 11.62 +7.2 pt
ROIC 3.82 2.14 (1.11) (1.36) 1.98 2.51 (0.32) (1.11) 2.60 12.57 23.01 +8.8 pt
ROE 4.33 (1.98) (1.72) (5.64) (0.59) 1.99 (2.03) (4.30) 1.76 13.87 14.51 +9.5 pt
People
People Employees 1,396 1,431 1,714 1,622 1,522 1,650 1,850 1,775 1,830 1,865 — +3.3%
Revenue/emp, $m 0.46 0.40 0.33 0.42 0.45 0.49 0.39 0.41 0.51 0.76 — +5.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Hecla Mining discovers, acquires and develops mines and produces precious and base metals. It sells products containing silver, gold, lead, zinc and copper to businesses that process or trade metals, rather than selling finished jewelry or other consumer goods.

Its products include concentrates, which are materials produced by processing mined ore to increase their metal content. Hecla also produces unrefined bullion, known as doré, and carbon material containing precious metals. Custom smelters, metal traders and other processors buy its concentrates and carbon material. Refiners buy its doré or refine it before Hecla sells the resulting metals to traders.

Where the money comes from and where it goes Fiscal 2016

Fiscal 2016: revenue by segment, and margins
Greens Creek 260 40.32%
Casa Berardi 177 27.42%
San Sebastian 114 17.63%
Lucky Friday 94 14.63%
Gross margin 28.49%
Operating margin 16.94%
Pre-tax margin 13.88%

Revenue by segment since 2011

Hecla Mining Company vs peers in Other Precious Metals & Mining (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HL Hecla Mining Company $9.7B 25.3× 17.0× −3.59% (below 0%: shrinking) +48.47% (above 0%: growing) +456.08% (above 0%: growing) 50.67% 39.80%
BVN Buenaventura Mining Company Inc. $7.2B 6.5× 6.2× +43.17% (above 0%: growing) +158.33% (above 0%: growing) +820.20% (above 0%: growing) 48.14% 42.00% Compare
SBSW Sibanye Gold Limited $6.7B 13.2× — −49.13% (below 0%: shrinking) −76.52% (below 0%: shrinking) +278.47% (above 0%: growing) 17.38% 0.00% Compare
TFPM Triple Flag Precious Metals Corp. $6.3B 19.9× 15.2× +13.39% (above 0%: growing) +11.39% (above 0%: growing) +3,469.10% (above 0%: growing) 62.16% 56.91% Compare
PPTA Perpetua Resources Corp. $2.1B — (loss-making) — — n/m −1,165.90% (below 0%: shrinking) 0.00% 0.00% Compare
SIND Sinda Ltd. $1.9B — (loss-making) — — n/m — 0.00% 0.00% Compare
SLSR Solaris Resources Inc. $1.2B — (loss-making) — — n/m −51.52% (below 0%: shrinking) — 0.00% Compare
VMET Versamet Royalties Corporation $971.9M 23.0× — +391.88% (above 0%: growing) +2,677.78% (above 0%: growing) +778.57% (above 0%: growing) 58.96% 58.04% Compare
MUX McEwen Inc. $912.4M 10.9× 15.1× +26.84% (above 0%: growing) +166.67% (above 0%: growing) +328.14% (above 0%: growing) 33.90% 13.01% Compare
Median of peers $2.0B 13.2× 15.1× +26.84% +158.33% +328.14% 33.90% 6.51%

All 18 Other Precious Metals & Mining stocks →

From the latest earnings call

Updated

  • CEO Robert Krcmarov said lower metal prices and the timing of concentrate shipments reduced second-quarter revenue compared with the first quarter.
  • Krcmarov said Keno Hill’s ramp-up depends on permits and infrastructure, with higher production levels expected around the end of 2029 if those conditions are met.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 72.18%
Held by the ten largest 45.65%
Holder Shares Stake Change
BlackRock 70.37m 10.48% −19.90m
Vanguard 65.59m 9.76% −503.66k
VanEck 38.17m 5.68% +5.05m
State Street 33.81m 5.03% +420.78k
Tidal Investments LLC 21.63m 3.22% +1.97m
Invesco 20.21m 3.01% +7.41m
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 19.67m 2.93% −945.65k
Geode Capital Management 14.40m 2.14% −4.38m
Dimensional Fund Advisors 12.83m 1.91% +219.84k
Two Sigma 9.98m 1.49% +5.57m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 10 April 2026

Ownership

Directors and executive officers, together less than 1% of Common
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Hecla Mining Company (HL) Latest News

4 Nov

Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript

24 Oct

Impact 4 · · Simply Wall St.

13 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Zacks

28 Sep

Impact 4 · · MarketBeat

24 Sep

Impact 3 · · Trefis

17 Sep

Impact 3 ·

28 Aug

Impact 3 ·

20 Aug

Impact 3 · · The Motley Fool

19 Aug

Impact 3 · · 24/7 Wall St.

11 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 4 ·
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5 Aug

Impact 4 ·
Impact 4 · · Barchart

4 Aug

Impact 3 ·

29 Jul

Impact 4 ·

1 Jul

Impact 3 ·

30 Jun

Impact 3 ·
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24 Jun

Impact 3 · · Stocktwits

18 May

Impact 4 · · Simply Wall St.

10 May

Impact 4 · · MarketBeat
Impact 4 · · Simply Wall St.

9 May

Impact 4 · · Simply Wall St.

6 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.

HL metrics, ten years each

stockrow.com/HL · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com