HL
HECLA MINING CO/DE/
Next earnings Aug 4, 2026 (after close) · consensus $0.26 EPS
Last earnings -3.0% on 2026-05-05
$16.33
▲ +6.04%$16.33▲ +179.97%
over 1Y
L $5.58H $31.80
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+6.0%
1W+7.8%
1M-8.3%
3M-14.8%
YTD-13.4%
1Y+180.0%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 18 analysts
Buy
Silver miner riding a metals-price surge to 53% revenue growth and a clean balance sheet, but 7.5x sales prices in the boom.
Revenue $1.42B · FY2025
The read
Fundamentals and price both look middling — no strong edge either way.
Hecla Mining is having a breakout year on the back of strong precious-metals prices. FY2025 revenue jumped 53.0% to $1.42B, gross profit tripled (+213.9% to $622M) and net income surged to $322M from $35.8M — an 798.6% gain — lifting diluted EPS to $0.49. Margins expanded dramatically (gross 43.7%, operating 36.2%, net 22.6%), and operating cash flow rose 157.8% to $563M, comfortably funding the $252M capex. This is the operating leverage of a miner when metal prices rise: revenue grew 53% but profit grew far faster.
The balance sheet is a genuine strength and reduces downside risk. Liabilities are just 0.37x equity, cash grew nearly 800% to $242M, current debt is zero, and equity rose 27.1% to $2.59B. That conservative financial position lets Hecla weather the inevitable cyclical troughs that scarred recent history — the company lost money in FY2022 (-$37.3M) and FY2023 (-$84.2M) when prices were weaker, and retained earnings are still negative at -$182M.
Is HL a buy? The one-page verdict, explained →
The options angle
model · matches our verdictCovered call~60d expiry
- Long 100 shares @ ~16.33
- Short call 17 @ ~1.64 est
debit $1,469max +$231max −$1,468BE 14.69
HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $807M | $719M | $720M | $930M | $1.42B |
| Gross profit | $218M | $116M | $113M | $198M | $622M |
| Operating income | $83.4M | -$12.4M | -$44.7M | $106M | $515M |
| Net income | $35.1M | -$37.3M | -$84.2M | $35.8M | $322M |
| Diluted EPS | $0.06 | -$0.07 | -$0.14 | $0.06 | $0.49 |
| Net margin | 4.3% | -5.2% | -11.7% | 3.8% | 22.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$11.2B
EV / EBITDA16.5
EV / Sales7.9
EV / FCF36.2
P / FCF35.3
PEG (trailing)0.04
Earnings yield2.9%
FCF yield2.8%
Quality & risk
ROIC (est.)13.1%
Free cash flow$310M
Total debt$505M
Net cash-$263M
Altman Z-Score7.72 safe
Piotroski F-Score8/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)0.1%
Shareholder yield0.1%
Shares Δ YoY+6.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — agreement terminated (2026-04-10). Worth a closer look.
- 8-K Officer / director change2026-05-22
- 8-K Earnings results2026-05-05
- 10-Q Quarterly report2026-05-05
- 8-K Agreement terminated2026-04-10
- DEF 14A Proxy statement2026-04-10
- 8-K/A Amended 8-K2026-03-30
- 8-K Acquisition / disposition2026-03-25
- 8-K Officer / director change2026-02-20
- 8-K Earnings results2026-02-17
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-25open ↗4Period ending 2026-06-222026-06-25open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4/APeriod ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-23open ↗4Period ending 2026-06-222026-06-23open ↗
Frequently asked
- Is HECLA MINING CO/DE/ (HL) a buy?
- HL currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Silver miner riding a metals-price surge to 53% revenue growth and a clean balance sheet, but 7.5x sales prices in the boom.
- What is HL's fair value?
- A Modified-Graham model based on HL's SEC fundamentals estimates a fair value of about $18.62. It is an estimate from reported earnings, not a price target.
- Is HL overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, HL currently appears fairly valued relative to its SEC-grounded earnings power.
- What is HECLA MINING CO/DE/'s quality score?
- HL scores 75.44404530285772/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000719413, latest 10-Q filed 2026-05-05) · EODHD · Proprietary analysis · as of 6/21/2026, 8:48:31 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:48 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.