Hecla Mining Company

NYSE:HL Stock Report

Market Cap: US$3.6b

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 Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: HL ($5.63) is trading below our estimate of fair value ($66.43)

Significantly Below Fair Value: HL is trading below fair 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 unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HL. This is calculated by dividing HL's market cap by their current revenue.
What is HL's PS Ratio?
PS Ratio4.2x
SalesUS$840.96m
Market CapUS$3.58b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
BVN Compañía de Minas BuenaventuraA
2.8x1.3%US$3.2b
ARCH Arch Resources
1.1x-2.0%US$3.0b
HCC Warrior Met Coal
2.3x1.5%US$3.6b
AMR Alpha Metallurgical Resources
1x-5.7%US$3.1b
HL Hecla Mining
4.2x9.0%US$3.6b

Price-To-Sales vs Peers: HL is expensive based on its Price-To-Sales Ratio (4.2x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

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

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
TX Ternium
0.4x2.8%US$6.57b
CLF Cleveland-Cliffs
0.3x4.1%US$5.65b
ARNC Arconic
0.4x5.8%US$3.01b
CSTM Constellium
0.2x9.3%US$1.69b
HL 4.2xIndustry Avg. 1.3xNo. of Companies25PS0246810+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HL is expensive based on its Price-To-Sales Ratio (4.2x) compared to the US Metals and Mining industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

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

HL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.2x
Fair PS Ratio2.4x

Price-To-Sales vs Fair Ratio: HL is expensive based on its Price-To-Sales Ratio (4.2x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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
CurrentUS$5.63
US$7.91
+40.5%
16.3%US$11.50US$6.60n/a10
Nov ’25US$6.40
US$7.97
+24.5%
14.9%US$10.25US$6.00n/a10
Oct ’25US$6.55
US$7.65
+16.8%
15.8%US$10.25US$6.00n/a10
Sep ’25US$5.93
US$7.40
+24.8%
16.6%US$10.25US$6.00n/a10
Aug ’25US$5.33
US$7.48
+40.2%
16.2%US$10.25US$6.00n/a10
Jul ’25US$4.77
US$7.48
+56.7%
17.0%US$10.25US$6.00n/a10
Jun ’25US$5.89
US$7.35
+24.8%
18.2%US$10.25US$6.00n/a10
May ’25US$4.74
US$7.00
+47.7%
21.7%US$10.25US$5.00n/a10
Apr ’25US$4.91
US$5.69
+15.8%
20.4%US$8.25US$3.75n/a10
Mar ’25US$3.71
US$5.69
+53.2%
20.4%US$8.25US$3.75n/a10
Feb ’25US$3.94
US$6.10
+54.8%
18.4%US$8.75US$4.25n/a10
Jan ’25US$4.81
US$5.88
+22.2%
20.7%US$8.75US$4.25n/a11
Dec ’24US$5.13
US$5.83
+13.7%
21.0%US$8.75US$4.25n/a11
Nov ’24US$4.05
US$5.99
+47.9%
21.2%US$9.00US$4.40US$6.4011
Oct ’24US$3.91
US$6.20
+58.7%
21.1%US$9.00US$4.00US$6.5511
Sep ’24US$4.35
US$6.43
+47.7%
21.4%US$9.25US$4.50US$5.9310
Aug ’24US$5.51
US$7.13
+29.3%
17.3%US$10.00US$5.50US$5.3310
Jul ’24US$5.15
US$7.03
+36.4%
12.3%US$8.25US$5.75US$4.7710
Jun ’24US$5.51
US$7.03
+27.5%
12.9%US$8.25US$5.75US$5.899
May ’24US$5.88
US$7.19
+22.2%
12.4%US$8.25US$6.00US$4.748
Apr ’24US$6.33
US$6.34
+0.2%
9.4%US$7.50US$5.50US$4.918
Mar ’24US$5.35
US$6.00
+12.1%
10.4%US$7.00US$4.75US$3.718
Feb ’24US$6.28
US$6.28
+0.02%
11.3%US$7.25US$5.00US$3.948
Jan ’24US$5.56
US$5.81
+4.4%
13.9%US$7.00US$4.75US$4.819
Dec ’23US$5.57
US$5.75
+3.2%
15.5%US$7.00US$4.25US$5.139
Nov ’23US$4.63
US$5.78
+24.8%
15.6%US$7.00US$4.25US$4.059

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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