Do Analyst Upgrades Signal a Turning Point for Hecla Mining’s (HL) Industry Standing?

• Hecla Mining recently achieved a Momentum Style Score of B and a Zacks Rank of #2, reflecting increased analyst confidence and a series of positive earnings estimate revisions for the current and next fiscal years.
• This enhanced outlook aligns with the company’s recent operational momentum and signals broader expectations for continued strength relative to the wider silver industry and equities market benchmarks.
• We’ll explore how analyst upgrades and positive earnings momentum could influence Hecla’s investment narrative and future outlook.

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Hecla Mining Investment Narrative Recap

To invest in Hecla Mining, one needs to believe in the continued global demand for silver amid renewable energy growth, and the company’s ability to ramp up production efficiently while containing costs. While recent analyst upgrades and positive earnings estimate revisions reflect growing optimism, they do not fully resolve the industry’s biggest current risk: the prospect of rising capital and permitting costs putting sustained pressure on cash flows and long-term production growth targets.

Among the company’s latest results, Hecla’s strong Q3 2025 earnings, highlighting year-over-year growth in both revenue and net income, are especially relevant to the current positive sentiment. These operational gains reinforce momentum as a catalyst but still must be weighed against the potential for higher costs or regulatory challenges ahead.

Yet, even with stronger recent performance, investors should not overlook the material risk of future permitting delays at Keno Hill…

Read the full narrative on Hecla Mining (it’s free!)

Hecla Mining’s narrative projects $954.2 million revenue and $210.3 million earnings by 2028. This requires a 3.4% annual revenue decline and a $110.6 million increase in earnings from $99.7 million today.

Uncover how Hecla Mining’s forecasts yield a $14.40 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Fair value estimates from 11 Simply Wall St Community members span US$3.53 to US$80 per share, illustrating widely varying opinions. While many see upside from earnings growth, others highlight major risks still affecting Hecla’s long-term outlook, check out multiple viewpoints before forming your own conclusion.

Explore 11 other fair value estimates on Hecla Mining – why the stock might be worth less than half the current price!

Build Your Own Hecla Mining Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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