
Hecla Mining (HL) Stock Forecast & Price Target
Hecla Mining (HL) Analyst Ratings
Bulls say
Hecla Mining Co demonstrated strong quarterly performance, achieving silver and gold production of 4.5 million ounces (Moz) and 45.9 thousand ounces (koz), surpassing estimates due to improved grades at key mining segments such as Greens Creek and Casa Berardi. The company experienced a 67% year-over-year revenue growth, significantly influenced by average realized prices of $3,509 per ounce for gold and $42.58 per ounce for silver, reflecting increases of 39% and 45%, respectively. Additionally, Hecla's cash flow from operations reached $162 million, exceeding estimates and indicating strong financial health, which supports future growth and potential exploration or mergers and acquisitions strategies.
Bears say
Hecla Mining's financial outlook appears negative primarily due to a significant decline in Q3 production, which was anticipated to be the lowest for the year, compounded by risks of commodity price fluctuations that could further pressure profitability and the balance sheet. Despite a decrease in the net leverage ratio from 0.7x to 0.3x, the company's high debt levels and operational challenges at key segments like Keno Hill and Casa Berardi raise concerns about its financial stability. Furthermore, a downside scenario indicates a potential 50% contraction in target price multiples, reflecting the market's apprehension regarding declining commodity prices and related risks.
This aggregate rating is based on analysts' research of Hecla Mining and is not a guaranteed prediction by Public.com or investment advice.
Hecla Mining (HL) Analyst Forecast & Price Prediction
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