Aging Mines And Stringent ESG Rules Will Cripple Returns

AN

AnalystLowTarget

Not Invested

Community Contributor

Published

04 Sep 25

Updated

02 Jun 26

Views

546

02 Jun

US$14.51

AnalystLowTarget's Fair Value

US$14.19

2.3% overvalued

1Y

136.7%

7D

-18.5%

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1Y

136.7%

7D

-18.5%

You can edit this narrative until Jun 3 6:10 AM. Then, changes will post as Updates.

Author's Valuation

US$14.192.3% overvalued

AnalystLowTarget Fair Value

Shared on 02 Jun 26

Fair value Increased 2.46%

HL: Debt Free Silver Pivot Will Eventually Strain Elevated Future P/E

Hecla says it’s now debt-free after selling its Casa Berardi gold mine, but that move also helped drive a quarterly loss even as its mines generated strong cash flow. With the company leaning harder into silver projects while facing permitting delays at Keno Hill, the big question is whether today’s optimism leaves enough room for setbacks.

22 views

Shared on 13 Apr 26

HL: Weaker Silver Outlook Will Eventually Challenge Elevated Future P/E Multiple

Analysts have trimmed their price target on Hecla Mining by a small amount to $13.85, reflecting updated views that factor in a lower revenue growth outlook, a higher expected discount rate, a stronger profit margin, and a slightly higher future P/E of 23.17x. What's in the News Issued new consolidated production guidance for the twelve months ending December 31, 2026, with expected silver output of 15.1 million to 16.5 million ounces and gold output of 65,000 to 72,000 ounces, including 14,000 to 17,000 ounces from Casa Berardi in the first quarter (company guidance).

28 views

Shared on 30 Mar 26

Fair value Decreased 13%

HL: Slower Production Outlook Will Likely Undermine Rich Future P/E Multiple

Analysts have trimmed their price target for Hecla Mining from $16.00 to about $13.85, citing updated assumptions that pair a higher forecast profit margin of roughly 42.8% with a lower expected revenue growth rate of about 1.0% and a reduced future P/E of around 22.9x. What's in the News Hecla issued new consolidated silver production guidance for the twelve months ending December 31, 2026, at 15.1 to 16.5 million ounces, and gold production guidance at 65,000 to 72,000 ounces, including 14,000 to 17,000 ounces from Casa Berardi in the first quarter (Corporate guidance).

37 views

Shared on 15 Feb 26

Fair value Increased 33%

HL: Higher Multiple Will Likely Overstate Benefits Of New Production Guidance

Analysts have lifted their price target on Hecla Mining from $12.00 to $16.00, citing updated assumptions around revenue growth, profit margins, and a slightly revised discount rate and P/E outlook. What's in the News Issued consolidated production guidance for 2026, with expected silver output of 15.1 million to 16.5 million ounces and gold production of 134,000 to 146,000 ounces (company guidance).

32 views

Shared on 18 Jan 26

HL: Higher Multiple And Slower Revenue Will Likely Undermine Production Optimism

Analysts have nudged their price target for Hecla Mining to US$12.00, supported by updated views on revenue growth, profit margins, and a higher assumed future P/E of about 29.9x. What's in the News Hecla plans an analyst and investor day focused on its approach to strategy, finance, operations, exploration, sustainability, and innovation, providing a more detailed view into how management is thinking about the business.

208 views

Shared on 20 Dec 25

Fair value Increased 85%

HL: Future Exploration Success Will Likely Fail To Justify Current Optimism

Analysts have raised their price target on Hecla Mining to 12.00 dollars from 6.50 dollars, citing sharply improved expectations for revenue growth and profit margins, as well as a more attractive future earnings multiple, despite a slightly higher assumed discount rate. What's in the News Exploration drilling at the Midas Project in Nevada has discovered new high grade gold structures along the two mile Pogo Trend, reinforcing the potential to restart the site using existing permitted mill and tailings capacity (company announcement).

43 views

Valuator

Company Info

Notes

AnalystLowTarget Fair Value

US$14.19

2.3% overvalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

0.14%

Historical revenue growth rate

12.26%

Metals and Mining revenue growth rate

60.51%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.59%

Calculation

US$595.62m

Earnings '29

x

20.48x

PE Ratio '29

=

US$12.20b

Market Cap '29

US$12.20b

Market Cap '29

/

672.90m

No. shares '29

=

US$18.13

Share Price '29

US$18.13 Share Price '29

Discounted to 2026 @ 8.55% p.a.

=

US$14.17

Fair Value '26