Hecla Mining Company

SWX:HL Stock Report

Market Cap: CHF 16.6b

Hecla Mining Valuation

Is HL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of HL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HL (CHF22.6) is trading below our estimate of future cash flow value (CHF34.02)

Significantly Below Future Cash Flow Value: HL is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HL?

Key metric: As HL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HL. This is calculated by dividing HL's market cap by their current earnings.
What is HL's PE Ratio?
PE Ratio105.5x
EarningsUS$198.68m
Market CapUS$20.97b

Price to Earnings Ratio vs Peers

How does HL's PE Ratio compare to its peers?

The above table shows the PE ratio for HL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.8x
EMSN EMS-CHEMIE HOLDING
30.9x3.77%CHF 14.3b
SIKA Sika
20x7.40%CHF 23.9b
AMRZ Amrize
25.6x12.81%CHF 23.8b
GIVN Givaudan
26.7x5.04%CHF 29.2b
HL Hecla Mining
105.5x30.85%CHF 21.0b

Price-To-Earnings vs Peers: HL is expensive based on its Price-To-Earnings Ratio (105.5x) compared to the peer average (25.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does HL's PE Ratio compare vs other companies in the European Metals and Mining Industry?

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HL 105.5xIndustry Avg. 18.5xNo. of Companies18PE01020304050+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HL is expensive based on its Price-To-Earnings Ratio (105.5x) compared to the European Metals and Mining industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is HL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio105.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 22.60
CHF 15.28
-32.39%
26.80%CHF 22.11CHF 9.48n/a10
Jan ’27CHF 15.43
CHF 12.66
-17.92%
12.64%CHF 15.13CHF 9.56n/a10
Dec ’26CHF 12.15
CHF 11.75
-3.29%
13.17%CHF 13.32CHF 8.08n/a10
Nov ’26n/a
CHF 10.24
0%
18.03%CHF 13.14CHF 6.97n/a9
Oct ’26n/a
CHF 8.77
0%
20.99%CHF 10.36CHF 5.18n/a9
Sep ’26n/a
CHF 6.75
0%
21.88%CHF 10.16CHF 5.28n/a9
Aug ’26n/a
CHF 6.20
0%
20.56%CHF 9.24CHF 4.82n/a9
Jul ’26n/a
CHF 5.74
0%
23.89%CHF 9.11CHF 3.96n/a9
Jun ’26n/a
CHF 5.80
0%
26.08%CHF 9.53CHF 4.14n/a9
May ’26n/a
CHF 6.23
0%
18.82%CHF 9.51CHF 4.96n/a10
Apr ’26n/a
CHF 6.52
0%
20.41%CHF 10.16CHF 4.86n/a10
Mar ’26n/a
CHF 6.82
0%
19.21%CHF 10.26CHF 5.80n/a9
Feb ’26n/a
CHF 6.95
0%
17.90%CHF 10.44CHF 5.90n/a10
Jan ’26n/a
CHF 7.11
0%
16.30%CHF 10.33CHF 5.93CHF 15.4310
Dec ’25n/a
CHF 6.96
0%
16.30%CHF 10.13CHF 5.81CHF 12.1510
Nov ’25n/a
CHF 6.90
0%
14.86%CHF 8.87CHF 5.19n/a10
Oct ’25n/a
CHF 6.50
0%
15.82%CHF 8.72CHF 5.10n/a10
Sep ’25n/a
CHF 6.38
0%
16.56%CHF 8.84CHF 5.18n/a10
Aug ’25n/a
CHF 6.62
0%
16.21%CHF 9.08CHF 5.32n/a10
Jul ’25n/a
CHF 6.72
0%
16.95%CHF 9.21CHF 5.39n/a10
Jun ’25n/a
CHF 6.63
0%
18.20%CHF 9.25CHF 5.41n/a10
May ’25n/a
CHF 6.37
0%
21.67%CHF 9.33CHF 4.55n/a10
Apr ’25n/a
CHF 5.13
0%
20.37%CHF 7.44CHF 3.38n/a10
Mar ’25n/a
CHF 5.00
0%
20.37%CHF 7.26CHF 3.30n/a10
Feb ’25n/a
CHF 5.25
0%
18.44%CHF 7.54CHF 3.66n/a10
Jan ’25n/a
CHF 4.94
0%
20.73%CHF 7.36CHF 3.57n/a11
CHF 13.98
Fair Value
61.7% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/23 02:52
End of Day Share Price 2026/01/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hecla Mining Company is covered by 28 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin O'HalloranBMO Capital Markets Equity Research
Brian QuastBMO Capital Markets Equity Research
Michael JalonenBofA Global Research