| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
HL Stock Overview
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally.
Hecla Mining Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$5.33 |
| 52 Week High | US$9.44 |
| 52 Week Low | US$4.50 |
| Beta | 2.13 |
| 1 Month Change | 0.76% |
| 3 Month Change | -8.73% |
| 1 Year Change | -1.11% |
| 3 Year Change | 114.06% |
| 5 Year Change | -15.93% |
| Change since IPO | -62.27% |
Recent News & Updates
Hecla Mining: A Strong Finish To The Year For Lucky Friday
Hecla Mining released its preliminary Q4 and FY2021 results last week, reporting quarterly production of ~3.23 million ounces of silver and ~48,000 ounces of gold. This translated to a sharp decline in silver production on a year-over-year basis, with lower output attributed to no production from San Sebastian and lower grades at Greens Creek. Looking ahead to FY2022, we should see higher silver-equivalent production at industry-leading costs, and with metals weak for much of 2021, Hecla should be up against much easier year-over-year comps. With Hecla trading at a market cap of ~$2.86 billion, I still don't see enough margin of safety, but from a swing-trading standpoint, dips below $4.90 should offer low-risk buying opportunities.
Hecla Mining: Approaching A Low-Risk Buy Zone
Hecla Mining is one of the worst-performing silver miners thus far in Q4, down 7% vs. a 4% increase in the Silver Miners Index. The poor performance can be attributed to a miss on the company's Q4 results, with higher workforce turnover weighing on production at its Greens Creek Mine in Alaska. These issues appear to be resolved, which should allow Hecla to access an increased proportion of higher-grade material in Q4. Given Hecla's industry-leading margins and superior risk profile relative to peers, I would view pullbacks below $4.85 as low-risk buying opportunities from a swing trading standpoint.
Is Hecla Mining (NYSE:HL) Using Too Much Debt?
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Is Hecla Mining Company (NYSE:HL) Expensive For A Reason? A Look At Its Intrinsic Value
Today we will run through one way of estimating the intrinsic value of Hecla Mining Company ( NYSE:HL ) by taking the...
Shareholder Returns
| HL | US Metals and Mining | US Market | |
|---|---|---|---|
| 7D | 4.9% | -2.9% | -4.0% |
| 1Y | -1.1% | 18.4% | 6.6% |
Return vs Industry: HL underperformed the US Metals and Mining industry which returned 18.4% over the past year.
Return vs Market: HL underperformed the US Market which returned 6.6% over the past year.
Price Volatility
| HL volatility | |
|---|---|
| HL Average Weekly Movement | 6.9% |
| Metals and Mining Industry Average Movement | 9.2% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: HL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: HL's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1891 | 1,591 | Phillips Baker | https://www.hecla-mining.com |
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company offers lead, zinc, and bulk concentrates, as well as carbon materials to custom smelters, metal traders, and third-party processors; and unrefined gold and silver bullion bars to precious metals traders. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine located in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine located in the city of Durango, Mexico.
Hecla Mining Fundamentals Summary
| HL fundamental statistics | |
|---|---|
| Market Cap | US$2.87b |
| Earnings (TTM) | US$18.44m |
| Revenue (TTM) | US$811.29m |
155.6x
P/E Ratio3.5x
P/S RatioIs HL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HL income statement (TTM) | |
|---|---|
| Revenue | US$811.29m |
| Cost of Revenue | US$427.65m |
| Gross Profit | US$383.63m |
| Expenses | US$365.19m |
| Earnings | US$18.44m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.034 |
| Gross Margin | 47.29% |
| Net Profit Margin | 2.27% |
| Debt/Equity Ratio | 29.1% |
How did HL perform over the long term?
See historical performance and comparisonDividends
0.8%
Current Dividend Yield80%
Payout RatioValuation
Is Hecla Mining undervalued compared to its fair value and its price relative to the market?
155.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HL ($5.33) is trading above our estimate of fair value ($2.08)
Significantly Below Fair Value: HL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HL is poor value based on its PE Ratio (155.6x) compared to the US Metals and Mining industry average (8.6x).
PE vs Market: HL is poor value based on its PE Ratio (155.6x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: HL is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: HL is good value based on its PB Ratio (1.6x) compared to the US Metals and Mining industry average (2.1x).
Future Growth
How is Hecla Mining forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
78.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HL's forecast earnings growth (78.9% per year) is above the savings rate (2%).
Earnings vs Market: HL's earnings (78.9% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HL's revenue is expected to decline over the next 3 years (-6% per year).
High Growth Revenue: HL's revenue is forecast to decline over the next 3 years (-6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HL's Return on Equity is forecast to be low in 3 years time (1.5%).
Past Performance
How has Hecla Mining performed over the past 5 years?
-21.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HL has a large one-off loss of $36.9M impacting its September 30 2021 financial results.
Growing Profit Margin: HL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HL has become profitable over the past 5 years, growing earnings by -21.7% per year.
Accelerating Growth: HL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (125.5%).
Return on Equity
High ROE: HL's Return on Equity (1.1%) is considered low.
Financial Health
How is Hecla Mining's financial position?
Financial Position Analysis
Short Term Liabilities: HL's short term assets ($310.3M) exceed its short term liabilities ($126.2M).
Long Term Liabilities: HL's short term assets ($310.3M) do not cover its long term liabilities ($805.3M).
Debt to Equity History and Analysis
Debt Level: HL's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: HL's debt to equity ratio has reduced from 34.3% to 29.1% over the past 5 years.
Debt Coverage: HL's debt is well covered by operating cash flow (45.7%).
Interest Coverage: HL's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Dividend
What is Hecla Mining current dividend yield, its reliability and sustainability?
0.84%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HL's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: HL's dividend (0.84%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: HL's dividend payments have been volatile in the past 10 years.
Growing Dividend: HL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.7%), HL's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HL's dividends in 3 years are forecast to be covered by earnings (63% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Phillips Baker (61 yo)
20.17yrs
Tenure
US$5,190,508
Compensation
Mr. Phillips S. Baker, Jr., has been the Chief Executive Officer of Hecla Mining Company since May 9, 2003 and its President since November 2001. Mr. Baker served as the Chief Financial Officer of Hecla Mi...
CEO Compensation Analysis
Compensation vs Market: Phillips's total compensation ($USD5.19M) is about average for companies of similar size in the US market ($USD5.23M).
Compensation vs Earnings: Phillips's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: HL's management team is seasoned and experienced (5.5 years average tenure).
Board Members
Experienced Board: HL's board of directors are seasoned and experienced ( 10.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Hecla Mining Company's employee growth, exchange listings and data sources
Key Information
- Name: Hecla Mining Company
- Ticker: HL
- Exchange: NYSE
- Founded: 1891
- Industry: Silver
- Sector: Materials
- Implied Market Cap: US$2.868b
- Shares outstanding: 538.14m
- Website: https://www.hecla-mining.com
Number of Employees
Location
- Hecla Mining Company
- 6500 North Mineral Drive
- Suite 200
- Coeur d'Alene
- Idaho
- 83815-9408
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:36 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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 here.