Hecla Mining Company (HL)
Basic Materials · NYQ · US
Fundamentals
Valuation and ratings
Hecla Mining Company trades at USD14.52, which is 86% below the USD26.95 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 73 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 22.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Hecla Mining Company
Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and unrefined doré containing silver and gold. The company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.
HL passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- D. E. Shaw, D. E. Shaw & Co., Inc.$155.11M · 0.1% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$118.44M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$82.22M · 0.1% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$74.00M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$72.66M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Hecla Mining Company (HL) undervalued?
Against our discounted cash flow estimate of USD26.95, HL at USD14.52 is 86% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own HL?
14 of the institutions we track reported a position in HL in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is HL's P/E ratio?
HL trades at 22.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for HL, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.