NYSE:HL

Stock Analysis Report

Executive Summary

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Hecla Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.7%

HL

2.1%

US Metals and Mining

-1.0%

US Market


1 Year Return

27.0%

HL

-2.0%

US Metals and Mining

18.0%

US Market

Return vs Industry: HL exceeded the US Metals and Mining industry which returned -2% over the past year.

Return vs Market: HL exceeded the US Market which returned 18% over the past year.


Shareholder returns

HLIndustryMarket
7 Day12.7%2.1%-1.0%
30 Day3.1%-2.1%0.6%
90 Day40.0%1.1%7.9%
1 Year27.7%27.0%0.6%-2.0%20.4%18.0%
3 Year-43.6%-44.2%0.04%-5.3%48.0%38.5%
5 Year0.8%-0.9%20.9%11.6%72.2%53.3%

Price Volatility Vs. Market

How volatile is Hecla Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hecla Mining undervalued compared to its fair value and its price relative to the market?

1.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HL ($3.29) is trading above our estimate of fair value ($1.88)

Significantly Below Fair Value: HL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HL is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: HL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HL is good value based on its PB Ratio (1x) compared to the US Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Hecla Mining forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

154.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: HL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HL's is expected to become profitable in the next 3 years.

Revenue vs Market: HL's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: HL's revenue is forecast to decline over the next 3 years (-2.2% 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 (0%).


Next Steps

Past Performance

How has Hecla Mining performed over the past 5 years?

-33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HL is currently unprofitable.

Growing Profit Margin: HL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HL is unprofitable, and losses have increased over the past 5 years at a rate of -33.2% per year.

Accelerating Growth: Unable to compare HL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-32.4%).


Return on Equity

High ROE: HL has a negative Return on Equity (-5.88%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hecla Mining's financial position?


Financial Position Analysis

Short Term Liabilities: HL's short term assets ($179.1M) exceed its short term liabilities ($117.0M).

Long Term Liabilities: HL's short term assets ($179.1M) do not cover its long term liabilities ($827.9M).


Debt to Equity History and Analysis

Debt Level: HL's debt to equity ratio (29.8%) is considered satisfactory.

Reducing Debt: HL's debt to equity ratio has reduced from 35.7% to 29.8% over the past 5 years.


Balance Sheet

Inventory Level: HL has a high level of physical assets or inventory.

Debt Coverage by Assets: HL's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Hecla Mining's current dividend yield, its reliability and sustainability?

0.30%

Current Dividend Yield


Dividend Yield vs Market

company0.3%marketbottom25%1.4%markettop25%3.7%industryaverage2.6%forecastin3Years0.2%

Current dividend yield vs market & industry

Notable Dividend: HL's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: HL's dividend (0.3%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: HL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: HL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: HL is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Phillips Baker (59yo)

16.8yrs

Tenure

US$3,686,542

Compensation

Mr. Phillips S. Baker, Jr., has been the Chief Executive Officer of Hecla Mining Company. since May 9, 2003 and has been its President since November 2001. Mr. Baker served as the Chief Financial Officer o ...


CEO Compensation Analysis

Compensation vs Market: Phillips's total compensation ($USD3.69M) is about average for companies of similar size in the US market ($USD3.80M).

Compensation vs Earnings: Phillips's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Phillips Baker
President16.8yrsUS$3.69m0.47% $8.1m
Lindsay Hall
Senior VP3.6yrsUS$1.66m0.071% $1.2m
Robert Brown
Vice President of Corporate Development4.1yrsUS$1.10m0.047% $803.2k
Lauren Roberts
Senior VP & COO0.5yrsno datano data
Michael Westerlund
Vice President of Investor Relations0yrsno datano data
David Sienko
VP & General Counsel10.1yrsUS$1.17m0.11% $1.8m
Steve Petroni
General Manager0yrsno datano data
Keith Blair
Chief Geologist0.5yrsno datano data
Kurt Allen
Director of Exploration0.5yrsno datano data
Michael White
Corporate Secretary0yrsno datano data

3.6yrs

Average Tenure

53yo

Average Age

Experienced Management: HL's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Phillips Baker
President16.8yrsUS$3.69m0.47% $8.1m
George Johnson
Independent Director3.9yrsUS$186.24k0.021% $360.2k
Ted Crumley
Chairman of the Board13.8yrsUS$281.74k0.056% $957.7k
Charles Stanley
Independent Director12.8yrsUS$194.74k0.045% $770.2k
Terry Rogers
Independent Director12.8yrsUS$198.49k0.020% $345.4k
Catherine Boggs
Independent Director3.1yrsUS$182.74k0.024% $411.8k
George Nethercutt
Independent Director15yrsUS$184.74k0.026% $453.7k
Stephen Ralbovsky
Independent Director3.9yrsUS$194.74k0.021% $360.2k

12.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: HL's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.


Top Shareholders

Company Information

Hecla Mining Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hecla Mining Company
  • Ticker: HL
  • Exchange: NYSE
  • Founded: 1891
  • Industry: Silver
  • Sector: Materials
  • Market Cap: US$1.720b
  • Shares outstanding: 522.90m
  • Website: https://www.hecla-mining.com

Number of Employees


Location

  • Hecla Mining Company
  • 6500 North Mineral Drive
  • Suite 200
  • Coeur d'Alene
  • Idaho
  • 83815
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HLNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
HCLDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
HCLXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1968
HLSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1968
0R0ALSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
HCLETLX (Eurotlx)YesCommon StockITEURJan 1968
HL.PRBNYSE (New York Stock Exchange)PFD CV SER BUSUSDJun 1993

Biography

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; 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; Lucky Friday mine located in northern Idaho; Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and San Sebastian mine located in the city of Durango, Mexico. The company also holds 100% interests in the Fire Creek mine located in Lander County, Nevada; and Hollister and Midas mines located in Elko County, Nevada. Hecla Mining Company was founded in 1891 and is headquartered in Coeur d'Alene, Idaho. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:53
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.