Closing price
$20.54
+$2.59 · weekly change from Aug. 12: +13.5%
Selected reported closes: Aug. 5–14, Aug. 18 and Aug. 19. The final leg is Wednesday's 14.43% jump.
Hecla Mining Shares Surge 14% as Silver Prices Climb, Backed by Zero Net Debt
Shares of Hecla Mining Company jumped 14.43% on Wednesday, finishing the session at $20.54 with a gain of $2.59, as precious metals prices advanced. The stock saw trading volume of 63.6 million shares, nearly double its average over the past three months.
NYSE: HL · Investor dashboard
Hecla Mining: silver beta, now with a net-cash buffer
▲ 14.43% on the day
Trading tape
Volume63.6m
Vs. 3M average1.91×
Market value$13.8bn
Trailing P/E22.38×
The key signal was participation. Hecla outpaced Coeur's 13.07% rise and traded at a higher volume multiple.
What drove the move
Hecla shares+14.43%
Coeur shares+13.07%
Spot silver≈+4%
Spot gold+3.6%
S&P 500+0.2%
Treasury liquidity support lowered long yields and the dollar. Silver reached $65.80 an ounce.
Balance-sheet reset
$483m
Cash at June 30
Senior notes redeemed$263m
Long-term debt*$0
*Excludes finance leases. The $225m revolver was essentially undrawn.
Q2 operating scoreboard
| Metric | Q2 2026 | YoY |
|---|---|---|
| Revenue | $333.9m | +52.5% |
| Adjusted EBITDA | $199.2m | +115.2% |
| Operating cash flow | $174.9m | +61.4% |
| Free cash flow | $135.8m | +106.6% |
| Silver production | 4.21m oz | -6.8% |
Analyst map after the rally
Average target$23.53
Implied upside14.6%
Median target$21.00
Median upside2.2%
3 Strong Buy1 Buy5 Hold0 Sell
Target range: $17 to $32. Wednesday's jump moved the shares above several recent $19 targets.
Silver sensitivity · illustrative, not guidance
| Silver move | Gross annual value at 15.6m oz | Share of market value |
|---|---|---|
| +$1/oz | +$15.6m | 0.11% |
| +$5/oz | +$78.0m | 0.57% |
| +$10/oz | +$156.0m | 1.13% |
Uses the midpoint of Hecla's 15.1m–16.1m ounce 2026 silver-production guidance. Excludes payable factors, royalties, taxes and volume changes.
Watch next
Can silver hold $65.80 as Treasury yields and the dollar settle?
Does heavier second-half project spending slow free cash flow?
Risk: metal leverage reverses quickly if yields or the dollar rebound. Keno Hill's ramp remains another swing factor.
Hecla Mining Falls 4.6% After Silver Dip, Eyes 31% Target Gap
Hecla Mining Company dropped 4.62% on Tuesday, pressured by a rise in bond yields that weighed on precious metals. Shares ended the session at $17.95 as of 16:00 EDT. Silver declined 2.8%, and gold slipped 1.1%.
NYSE: HL · Investor dashboard
Hecla Mining Co.
Market data updated at 16:00 EDT on August 18, 2026, following the U.S. cash market close
$17.95
−4.62% · −$0.87
After-hours: $18.12 at 16:46 EDTSession volume
55.5m
Volume was 1.40 times its 20-session average, making it the ninth most active U.S. stock.
Five sessions
+1.07%
HL stayed in positive territory from August 11, even after Tuesday’s pullback.
Q2 free cash flow
$135.8m
Year-on-year growth reached 106.6%; sequentially, the decrease was just 5.5%.
Balance sheet
Debt-free*
At June 30, cash stood at $483m, with an unused $225m revolver available.
Price trend · past six closing values
$18.8$18.2$17.6 Aug 11Aug 12Aug 13Aug 14Aug 17Aug 18 17.7618.1017.7318.3718.8217.95Silver beta appeared
First Majestic
−5.57%
Hecla
−4.62%
Coeur
−4.14%
Pan American
−3.14%
Spot silver
−2.80%
Bond yields rose sharplyMacro-led selloff
Q2 cash flow · $ millions
RevenueAdj. EBITDAOperating CFFree cash flow $333.9$199.2$174.9$135.8Revenue declined by 19% compared to Q1, but free cash flow stayed close to its peak level.
Q2 2026 · Silver output
4.21mounces Greens Creek2.05mLucky Friday1.53mKeno Hill0.63mOverall production increased by 7.8% compared to Q1. Lucky Friday achieved its highest quarterly output.
Analyst target overview
LowCloseAverageHigh $17.00$17.95$23.53$32.004Buy
5Hold
0Sell
+31.1%Avg. upside
Key issues to watch
Catalysts
Fed minutes, silver stabilization, Lucky Friday cooling project, Greens Creek expansion work.
Fed minutes, silver stabilization, Lucky Friday cooling project, Greens Creek expansion work.
Risks
Higher yields, weaker silver, Keno Hill grades, and elevated second-half capital spending.
Higher yields, weaker silver, Keno Hill grades, and elevated second-half capital spending.
Next macro checkpointFOMC minutes · Aug. 19 · 14:00 EDT
Investor read-through
Cash acts as a cushion. Free cash flow in Q2 rose by over two times compared to the previous year, cash hit $483 million, and senior notes have been repaid.
Silver continues to act as the catalyst. The metal's 2.8% drop on Tuesday led HL to fall by 4.62% amid significantly higher-than-normal trading volume.
Hecla Shares Gain 3.6% as $65 Silver Improves 2026 Margins
Hecla Mining Company gained 3.61% on Friday, closing at $18.37, while silver marked its second consecutive weekly increase.
Hecla Mining (NYSE:HL) Shares Jump 19% as Market Assesses Cash-Flow Strength
Hecla Mining Company posted its best weekly performance in months following strong cash flow results and the paydown of its last outstanding bond debt. Shares climbed 6.24% on Friday and advanced 19.33% over the week.
Hecla Mining (NYSE:HL) Rises 19% as Main Sites Offset Keno Hill Impact
NEW YORK, August 8, 2026, 16:12 EDT — Shares of Hecla Mining Company climbed 19% after performance at its core mines helped counterbalance the effect of the Keno Hill site.
Hecla Mining Company (NYSE:HL) keeps post-earnings gains as market closes; cash-flow resilience under scrutiny for second half
Hecla declined by 4.1% on Thursday after rallying 7.5% on Wednesday following its results. Over the week to July 31, shares dropped 6.7%. The stock then climbed 12.3% by Thursday and stood 3.1% higher than Tuesday’s closing level before the announcement.
Hecla Mining (NYSE:HL) Shares Gain 8% After Near-Record Cash Flow Report
Shares of Hecla Mining Company rose 8.3% on Wednesday as its second-quarter free cash flow remained close to a record, even though the company faced a significant fall in realized precious-metal prices.
Hecla Mining shares trail silver as estimate reductions focus attention on Aug. 4 results
Hecla Mining Company edged down 0.8% to $15.02 in trading on Monday afternoon, with U.S. markets open. Spot silver gained 1.3% to reach $58.94 per ounce.
Hecla Mining (NYSE:HL) rises 5.7% as Q2 cash conversion challenges intensify
Shares of Hecla Mining Company finished Friday at $15.14, advancing 5.7% over the week, even as they slipped 1.1% on Friday. The stock outperformed the S&P 500, which declined 0.6%.
Hecla Mining Company (NYSE:HL) Climbs Ahead of Silver Market Ahead of Key August Cash Review
Hecla Mining Company extended its five-session advance against other silver stocks on Thursday. Shares most recently changed hands at $15.32, marking a 2.4% decline for the session. The NYSE main trading period concluded at 4 p.m. Eastern.
Hecla Mining (NYSE:HL) rallies 7%, leaving cash flow as the next test
Hecla Mining Company closed 7.0% higher on Tuesday. Volume reached 76.6 million shares, more than double its average. NYSE core trading starts at 09:30 EDT.
Hecla Mining (NYSE:HL) trails silver with 29% price gap, challenging Q1 pace
Hecla Mining Company was pointed 0.2% down at about $14.29 in premarket trade Tuesday. Spot silver was up 4.8% to $59.11. Market participants considered mediation moves that may reduce energy-driven inflation.
Hecla Mining Shares Fall as Silver Lingers 32% Under Q1 Realized Price
NEW YORK, July 17, 2026, 15:08 EDT Hecla Mining Co shares dropped as the price of silver continued to trade 32% below the company’s realized average price from the first quarter.
Hecla Mining (NYSE:HL) price target cut hits $2.7B value even as silver outlook raised
Scotiabank cut its price target on Hecla Mining down to $21 from $25 on Tuesday, keeping its rating the same. With 670.71 million shares, the $4 drop takes about $2.68 billion off the broker’s projected equity value, or around a quarter of Hecla’s $10.4 billion market cap.
Hecla Mining trails silver ETF as 2026 Keno Hill gap faces review
Hecla Mining Company didn’t keep up with the move in silver ETFs on Monday. Shares last traded at $16.385, up 0.3%. iShares Silver Trust climbed 1.8%. Global X Silver Miners ETF slipped 1.1%. VanEck Gold Miners ETF was flat.
Hecla Mining (NYSE:HL) moves on Russell growth switch and silver gap
Hecla Mining Company stock trades after a switch into the Russell growth index, with the shares also up against a 30% gap from spot silver prices. NEW YORK, June 29, 2026, 08:03 EDT
Hecla Mining (NYSE:HL) heads into Monday after heavy volume and silver move
Hecla Mining Company goes into Monday without U.S. market action Sunday. The stock finished Friday with a late rally, but index-related trading made the tape hard to read.
Hecla Mining (NYSE:HL) sees stock rebound, volume jumps as silver prices in focus
Hecla Mining Company last traded at $15.54 on Friday, up 2.57%. U.S. markets are closed for the weekend. Hecla ended Friday with a $10.42 billion market cap and 112.44 million shares changing hands. Google Finance posted an average volume of 21.25 million shares and a 52-week high of $34.17.
Hecla Mining (NYSE:HL) trades $1.75 billion with silver up and spot price lower
Hecla Mining Company closed at $15.54 on Friday, gaining 2.57%. Volume was heavy at 112.35 million shares, far above the usual 21.25 million shares shown on Google Finance. The miner’s market cap is $10.42 billion.
Hecla Mining (NYSE:HL) falls as silver prices weaken, testing profit buffer
Hecla Mining shares dropped 5.7% Tuesday, wiping out about $610 million in market value. A steep fall in silver hit demand for one of North America’s main silver miners. Some 37.5 million shares traded, close to double the normal volume tracked by Google Finance.
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