Stock fact sheet · data as of
Hecla Mining Company (HL): fair value, margin of safety and Wheel Score
Ticker symbol HL · Basic Materials · Other Precious Metals · United States · Growth
Is HL undervalued?
Hecla Mining Company (HL) closed at 14.95 on 5 Nov 2026, 14% above the GLS average fair value of 13.14. Only 3 of the 9 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" Wheel Trade Filter; a premium of this size is common for companies whose growth the models are conservative about.
The 9 models disagree widely: DDM gives 0.2207 while GLS Growth gives 34.88. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, HL is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 26, growth score 89, out of 100).
Nine valuation models for HL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 2.55 | -83% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 7.34 | -51% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 8.57 | -43% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.96 | -87% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 34.88 | +133% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 22.37 | +50% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 34.00 | +127% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 0.2207 | -99% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 6.33 | -58% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.5056 | -103% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 23.25 | +56% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health HL scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 3.2 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are moderate - ROIC 11.2%, ROE 12.4%, ROA 9.0% - with debt at 0.11 times equity and a free-cash-flow yield of 5.7%.
The dividend yield is 0.10% with a payout ratio of 3% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Silver Contracts 67%, Gold 14%, Zinc 12% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 11.2% |
|---|---|---|---|
| GLS Moat | 3.2 / 10 | ROE | 12.4% |
| Debt / equity | 0.11 | ROA | 9.0% |
| Free-cash-flow yield | 5.7% | Payout ratio | 3% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 41: Weak
HL scores 41 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 14% above our fair value, and the parts are thin too - value weak, premium strong, moat weak, health strong, red flags good, option trading strong, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 56% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 246,781 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 45.4M shares a day on a market cap of $10.0B, with a beta of 1.43 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 14% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 14% above fair value | |
| Premium | Strong | implied volatility 56% | |
| Moat | Weak | moat 3.2/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Strong | 23,299 contracts a day, 246,781 open interest | |
| Stability | Fair | beta 1.43, $10.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for HL in the nightly calendar. The shares go ex-dividend on 23 Nov 2026 (0.0037 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Other Precious Metals
The 12 companies below are the closest to Hecla Mining Company by market cap within the Other Precious Metals industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BVN Compañía de Minas Buenaventura S.A.A. | 28.80 | 84.55 | +66% | 82Good | $7.3B |
| SBSW Sibanye Stillwater Limited | 9.38 | 17.22 | +46% | 86Prime | $6.6B |
| TFPM Triple Flag Precious Metals Corp. | 30.14 | 36.08 | +16% | 70Good | $6.2B |
| OICT Oicintra, Inc. | 11.25 | - | - | 16No options | $5.1B |
| PPTA Perpetua Resources Corp. | 16.35 | 8.32 | -97% | 18Weak | $2.0B |
| SIND Sinda Ltd. | 11.97 | 0.0539 | -22101% | 12No options | $1.9B |
| SSMR Sunshine Silver Mining & Refining Company | 12.71 | 0.1873 | -6687% | 21Weak | $1.8B |
| SLSR Solaris Resources Inc | 7.27 | 1.17 | -519% | 18Weak | $1.2B |
| TMC TMC the metals company inc. | 2.31 | 0.2076 | -1013% | 14Weak | $1.0B |
| MUX McEwen Mining Inc. | 14.93 | 38.08 | +61% | 42Weak | $892M |
| ASM Avino Silver & Gold Mines Ltd. | 4.74 | 5.18 | +9% | 28Weak | $805M |
| MTA Metalla Royalty & Streaming Ltd. | 7.88 | 0.8525 | -824% | 26Weak | $737M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about HL
Is HL undervalued right now?
No: at 14.95 the stock trades 14% above the GLS average fair value of 13.14 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of HL and what does it mean?
HL scores 41 out of 100 (Weak) - it fails Wheel Trade Filter 3. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for HL?
13.14 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Hecla Mining Company report earnings next?
No upcoming earnings date is recorded for HL in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does HL have listed options, and how liquid are they?
Yes. The nightly snapshot found 248 listed contracts with 246,781 open interest across all expiries and implied volatility of 56% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.