NAS10029,447+1.73%S&P7,638+1.14%GOLD$4,412+0.27%BTC$77,965+2.04%VIX15.48+0.26%live tape · as of 17:00 UTC
The Screen · Basic Materials · Other Precious Metals & Mining
Hecla Mining Co
HL · the NYSE · USD · Market cap $12.7B · 1,865 employees
Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally.
Screened 2026-09-17 · the tape above runs as of 17:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
Hecla Mining Co holds its Markup at $18.96. Elevated stress, defensive posture warranted, held for 17 days.
As held on the ledger · 2026-09-17
Phase
Markup
Quantitative state
Elevated stress, defensive posture warranted, held for 17 days
Price at the screen
$18.96
Valuation
22.84 trailing · 17.82 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.38
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
7.75%
Below 33%
Interest-bearing debt is just 7.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
1.34%
Below 33%
Cash held in interest-bearing accounts and securities is 1.3% of assets, under the one-third limit.
Pass
Receivables
11.56%
Below 49%
Money owed to the company is 11.6% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-17 screen. The gold marker is the market price at the same screen. The price runs 19.6% above the base estimate.
Third-party analyst targets: 10 covering, consensus Buy. The average target sits +13% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-17 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Commodity cycles rarely deliver lasting gains
Picture a silver miner riding one strong price spike after years of thin margins. Hecla shows real momentum with revenue doubling, a 17 percent profit margin and 20 percent return on equity, all while clearing the ethical screen and carrying only a narrow moat.
Those figures explain why nine analysts rate the shares a buy with a median target well above the current price. Forward earnings sit at twelve times, and our own fair value sits nineteen percent higher, yet the opportunity rating stays at none.
This is a cyclical business where a low multiple often signals peak earnings rather than a bargain. The pattern tends to trap investors who chase the upswing only to watch margins compress when metal prices turn. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
HL trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-01Markup · changed$18.37+23.0%Entry 5
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 23.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 3% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 129%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (9 analysts) rates it none, with a mean price target of $26.
2026-08-01Markdown · changed$14.93-2.4%Entry 4
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 3% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 129%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (9 analysts) rates it none, with a mean price target of $26.
2026-07-18Markup$15.29+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 3% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 129%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (9 analysts) rates it none, with a mean price target of $26.
2026-07-03Markup$15.29+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$15.29Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.