New York, Jan 23, 2026, 21:22 ET — Market closed
- Hecla Mining shares rose 1.6% on Friday to $31.81, with U.S. markets shut until Monday.
- Silver jumped above $100 an ounce, pulling money into silver miners and widening daily swings.
- Focus shifts to Hecla’s Investor Day on Jan. 26 and its TD Cowen conference slot on Jan. 29.
Hecla Mining Co shares ended Friday up 1.6% at $31.81, after trading between $30.68 and $32.38. About 31.8 million shares changed hands, and U.S. markets are now shut for the weekend.
Silver vaulted above $100 an ounce on Friday for the first time, pulling retail and momentum money into the metal and the miners. StoneX analyst Rhona O’Connell called the run-up a “self-propelled frenzy”; BNP Paribas strategist David Wilson warned a retreat could send investors “out the door just as quickly,” and BofA strategist Michael Widmer said the move above $100 looked speculative, Reuters reported. Spot silver was last up about 5.1% at $101.33 after touching a record $101.79, and has climbed nearly 40% so far in 2026 after a 147% jump in 2025. (Reuters)
That matters now because Hecla’s stock price has been moving with the metal and then some, making it a fast way for equity traders to express a view on silver without using futures. With the rally still fresh, the next session will test whether the move above $100 holds, or whether late buyers start to fade it.
Canaccord downgraded Hecla to hold from buy on Friday and set a $26.50 price target, citing the stock’s run-up and a lack of positive implied return to its revised target. The broker also pointed to Hecla’s flat silver production profile and a declining gold production profile. (Tipranks)
Other U.S.-listed silver miners also rose on Friday: Pan American Silver gained 4.5%, First Majestic Silver climbed 5.0%, and Coeur Mining added 1.3%. Those moves tracked the jump in bullion and underscored how tightly the group is trading off the metal right now.
Hecla produces silver and other metals in North America, with operating segments that include Greens Creek, Lucky Friday, Keno Hill and Casa Berardi, according to Reuters. That mix can leave results and sentiment sensitive to swings in silver and gold. (Reuters)
There’s a risk angle, too: Hecla’s 14-day relative strength index (RSI) — a momentum gauge — stood around 74.7 late Friday, above levels many traders treat as “overbought,” or stretched. Momentum can stay stretched, but it can also snap back quickly if silver cools or if the trade gets crowded. (Investing)
The next catalyst is Monday: Hecla is scheduled to host an Investor Day in New York City with a webcast set for 12:30 p.m. ET, and the company said it will also take part in the NYSE closing bell ceremony at 4:00 p.m. ET. Hecla is also slated to present at TD Cowen’s 17th Annual Global Mining Conference on Thursday, Jan. 29 at 3:00 p.m. ET. (Hecla Mining Company)
