Feed / HL

Hecla Mining Company

HL

Basic Materials · 20.02 -3.9% today

Partial group confirmationMarket checked 10 Sept, 15:55 GMT-4

Market read

Hecla Mining Company's move is spreading beyond its market group.

HL accounts for 13.1% of the group's measured movement across 6.9 effective names. all 10 measured members are falling in raw terms, but 8 of 10 SPY-adjusted paths align to the upside. Capital-flow agreement is 1%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveAligned contributor#3 of 10 by movement share
Group movement share13.1%Absolute path energy—not portfolio weight
Relative path+0.83%aligned
Effective breadth6.9 / 10broad
Relative alignment8/10upside path · 2 counter-moving
Capital-flow agreement1%not yet clean
SEQUENCE READ

ASM, FSM moved materially before HL. HL crossed its material path threshold at 09:35 ET. AG, AGI, PAAS followed.

EVIDENCE COVERAGE

4 of 10 members in Gold and Silver Miners are active. No disclosed relationship network is available for this name; the confirmation read above is market-derived.

What would change this read
  • At least 7 of 10 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • SSRM remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 3 of 10 members or fewer.

Watch this read

Research brief

The story so far

Basic Materials · Other Precious Metals & Mining

HL accounts for 13.1% of the group's measured movement across 6.9 effective names. all 10 measured members are falling in raw terms, but 8 of 10 SPY-adjusted paths align to the upside. Capital-flow agreement is 1%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 7 of 10 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • SSRM remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements185
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +53.0% year over year.
  • Operating margin changed +24.7 percentage points in the latest annual period.
  • Net margin changed +18.8 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Diluted shares increased 5.3% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Input and raw-material costs has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 72% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

20.02
6m-5.3%12m+96.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$807.5M+16.7%$0.06+2.8%
2022-12-31$718.9M-11.0%$-0.07+2.8%
2023-12-31$720.2M+0.2%$-0.14+8.7%
2024-12-31$929.9M+29.1%$0.06+2.8%
2025-12-31$1.4B+53.0%$0.49+5.3%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
Interest expense decreased by $14.3 million primarily due to lower total debt levels compared to the same period of 2025 following redemption of $263 million and $212 million of Senior Notes in April 2026 and August 2025, respectively.
10-Q · Aug 4, 2026
Demand and volumemixed · 4 filings
This failure, combined with Yukon Energy’s focus on electric transmission line maintenance and increased power demand due to cold winter temperatures, resulted in reduced power deliveries to Keno Hill and prevented us from fully powering the mine and mill on…
10-Q · Aug 4, 2026
Foreign exchangemixed · 4 filings
The comparability of our income and mining tax provision and effective tax rate for the reported periods was impacted by multiple factors, primarily: (i) mining taxes; (ii) variations in our income before income taxes; (iii) geographic distribution of that in…
10-Q · Aug 4, 2026
Input and raw-material costsnegative · 4 filings
For 2025, gross profit also benefited from lower depreciation expense resulting from the west underground mine being fully depreciated in 2024, partly offset by higher production costs.
10-K · Feb 17, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 9.2× · EV/sales 9.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.02-3.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HL. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for HL. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind HL

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HL is currently a Early Follower in the organic co-movement group Gold and Silver Miners. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.