2026-10-25
Hecla Mining Co clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
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latest tape · as of 18:06 UTC
The Screen · Basic Materials · Other Precious Metals & Mining
Hecla Mining Co
HL · the NYSE · USD · Market cap $9.3B · 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.
Not yet scored13.21 USD
Price as of 3 Nov 2026Daily close, not a live quote
Screened 2026-11-03 · the tape above runs as of 18:06 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
- Price13.21 USD at the 3 Nov 2026 close
- Our value readFair vs our fair value, as of 3 Nov 2026
- Our regime readMarkdown, as of 3 Nov 2026
- Ethical screenNot yet scored
- OptionsOpen interest leans heavily to calls (put/call 0.65)
- Last reviewed3 Nov 2026 (1 days ago)
- Release timesRelease and earnings times on your chart: Event Guard Mentor
A summary of the dated readings below, not a live quote and not advice.
PRICE · ONE YEAR
Our fair-value range: $14.61 to $16.80, base estimate $14.61 (screen dated 2026-11-03).
- Trend Markdown
- Insiders no filings inside 60 days, left as found
- Positioning no disclosures inside 60 days, left as found
- Options put/call open interest 0.65, read 2026-11-03
- Ethical screen not yet scored
Price13.21 USD
Fair value14.61
Ethical score70.0/100
Value readFairas of 3 Nov 2026
Our investment reviews on this name
2026-10-02Read Markdown18.35-28.0% to today ✓Markup gives way to Markdown first Markdown read since August
2026-09-01Read Markup18.37-28.1% to today Markdown gives way to Markup after a 23% rise in 4 weeks
2026-08-01Read Markdown14.93-11.5% to today ✓Markup gives way to Markdown
2026-07-02Read Markup15.29-13.6% to today First review on file: Markup
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
The full research record, in depth, below
This name holds its markdown label.
Hecla Mining Co holds its Markdown at $13.21. Elevated stress, defensive posture warranted, held for 31 days.
| Phase | Markdown · caution |
| Quantitative state | Elevated stress, defensive posture warranted, held for 31 days |
| Price at the screen | $13.21 |
| Valuation | 17.76 trailing · 13.41 forward price to earnings |
| Values screen | Not scored · score 70.0 |
| Beta | 1.37 |
Five Screens, Shown in Full
This security has not been fully scored against the values screen yet.
| 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 |
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.
The Ethical ReadThe Read, in Plain English
Hecla Mining Co clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
Read as at 2026-11-04. It updates when the underlying figures move, and past reads are kept below.
2026-09-24
Clears
Hecla Mining Co clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 8%, inside the ~33% line, and almost none of its income is interest, so it passes.
Earlier reads, kept as written. The ethical profile is tracked over time, not overwritten.
What the Numbers Say It Is WorthThe Fair Value Range
Our analysis reads Fair vs our fair value, as of 3 Nov 2026: it trades at roughly a 7% discount to our $14.61 fair value, narrow competitive moat, 52.40% revenue growth.
How a fair value is estimated: discounted cash flow (DCF).
Fair value range in USD, drawn from the 2026-11-03 screen. The gold marker is the market price at the same screen. A 9.6% discount to the base estimate.
Third-party analyst targets: 10 covering, consensus Buy. The average target sits +55% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & ProjectionsWhere our models see it going: fair-value estimate $14.61, with a range of $14.61 to $16.80, dated to the 2026-11-03 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 WordsCommodity 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.
| Forward P/E | 13.4xcheap for a company growing this fast |
| Trailing P/E | 17.8xreasonably valued |
| EPS, trailing | 0.78 |
| EPS, forward | 1.03 |
| Revenue growth | +52.4%growing very fast |
| Profit margin | 19.2%healthy profit margins |
| Return on equity | 22.2%an exceptional return on shareholder capital |
| FCF yield | 3.69% |
| Dividend yield | 10.00% |
| Debt to equity | 0.80moderate, manageable leverage |
| Current ratio | 5.20comfortably covers its short-term bills |
| Beta | 1.37moves a little more than the market |
| Short interest, float | 0.06% |
| 52-week range | 11.81 - 34.17 |
| Moat | NARROW |
| Market cap | $9.3B |
| Employees | 1,865 |
Another profit measure, before interest, tax and non-cash costs: EBITDA.
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 TradeHL 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.
Every Entry, As Written
2026-11-03
Markdown $13.54
+0.1% Entry 17
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 0.1% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02
Markdown $13.53
+0.0% Entry 16
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01
Markdown $13.53
-2.3% Entry 15
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.3% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31
Markdown $13.85
+0.0% Entry 14
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30
Markdown $13.85
+0.0% Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29
Markdown $13.85
+0.0% Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28
Markdown $13.85
+0.0% Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27
Markdown $13.85
+0.0% Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25
Markdown $13.85
-11.0% Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 11.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below 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.
2026-10-18
Markdown $15.56
-5.1% Entry 8
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 5.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good 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.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
- Hecla Announces Third Quarter 2026 Earnings Call Yahoo Finance · 9d ago
- Is Hecla Mining (HL) Above Fair Value Even After Record Output? Yahoo Finance · 11d ago
- Can Pan American Silver Stock Jump 50%? Yahoo Finance · 12d ago
- How Big Could Coeur Mining Stock's Next Fall Be? Yahoo Finance · 15d ago
- Silver Range Resources Ltd. Appoints Luke Schranz Vice President Yahoo Finance · 15d ago
Headlines from third-party outlets, linked for reference: not our reporting, not advice.
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Screened names in the same industry · explore each on its own page.
| Date | Politician | Party | Type | Amount |
|---|---|---|---|---|
| 2026-09-25 | Ro Khanna | Democrat | sell | 1K–15K |
| 2026-09-25 | Ro Khanna | Democrat | sell | 1K–15K |
| 2026-09-09 | John Boozman | Republican | sell | 1K–15K |
| 2026-09-09 | John Boozman | Republican | sell | 1K–15K |
| 2026-08-24 | Ro Khanna | Democrat | buy | 1K–15K |
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $20.67 | -32.2% | $0.00 | $679 | -32.1% |
| 2 months | $19.46 | -27.9% | $0.00 | $721 | -27.9% |
| 3 months | $20.53 | -31.7% | $0.00 | $683 | -31.7% |
| 6 months | $19.34 | -27.5% | $0.01 | $725 | -27.5% |
| 1 year | $6.12 | +129.0% | $0.02 | $2,293 | +129.3% |
| 2 years | $5.31 | +164.0% | $0.05 | $2,650 | +165.0% |
| 3 years | $5.27 | +166.2% | $0.08 | $2,678 | +167.8% |
| 5 years | $8.83 | +58.8% | $0.13 | $1,603 | +60.3% |
Historical returns from market close data. Past performance does not guarantee future results.
This entry now belongs to the ledger. Whatever HL does next, these words stay.
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