Hecla Mining Company NYSE:HL 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 Company NYSE:HL joined the Russell 1000 Growth index and dropped out of the Russell 2000 Value after the June Russell shakeup started.
- The stock traded at $15.42 before the bell, off 0.74%. Shares had climbed 2.57% on Friday.
- Spot silver traded at $57.73 an ounce, nearly 30% under Hecla’s Q1 realized silver price.
- The stock stayed roughly 55% under its 52-week high, with market cap around $10.42 billion.
Hecla Mining NYSE:HL started Monday’s pre-market as part of the Russell 1000 Growth Index, moving away from its usual silver-linked trade. S&P Capital IQ data on MarketScreener showed Hecla was bumped up to the Russell 1000 Growth late Sunday and at the same time removed from the Russell 2000 Value Monday morning. FTSE Russell said its June rebalance was live at the open on June 29, using the June 26 close to set the moves.
Hecla NYSE:HL was quoted at $15.42, down 0.74% premarket at 08:03 a.m. EDT, according to MarketScreener. The stock ended Friday at $15.54, up 2.57%. Shares were in NYSE’s early session before the 9:30 a.m. open. Monday is a regular NYSE trading day; the next planned full-day closure is July 3 for the Independence Day holiday.
This matters because Russell’s labels trigger actual trading. FTSE Russell says about $12.2 trillion tracks its U.S. indexes. Morgan Stanley Investment Management said the yearly reshuffle impacts passive flows and how portfolios get rebalanced. For Hecla, the change moves the stock from the small-cap value group into large-cap growth while silver prices fall.
| Hecla market marker | Latest datum | Investor read |
|---|---|---|
| Russell status | Now in the Russell 1000 Growth, out of the Russell 2000 Value | Style and size holders shift starting Monday |
| Price | $15.42 before hours; last trade was $15.54 on Friday | Lower pre-market after climbing Friday |
| Market value / Russell cutoff | $10.42 bln against $5.7 bln limit | Firmly above Russell’s small-cap line for the rebalance |
| 52-week range | $15.54 at close; $34.17 was the high | Sits about 55% off its high |
Index and price table source data was pulled from S&P Capital IQ/MarketScreener, Google Finance, and FTSE Russell.
Commodities traded lower today, trailing the main indexes. Spot silver dropped 2.4% to $57.73 an ounce by 1053 GMT, according to Reuters. Spot gold moved down 1.3% to $4,036.19. “Gold prices are under pressure as investors remain uncertain about the progress of U.S.-Iran peace talks,” said Ricardo Evangelista, senior analyst at ActivTrades. Reuters
| Metal | Hecla Q1 realized price | Reuters spot price Monday | Gap |
|---|---|---|---|
| Silver | $82.70/oz | $57.73/oz | -30.2% |
| Gold | $4,899/oz | $4,036.19/oz | -17.6% |
Hecla’s metals table data is taken from its first-quarter SEC filing and Reuters spot prices.
The silver gap matters for holders. Hecla is guiding 2026 silver output at 15.1 million to 16.5 million ounces. Using the $24.97-per-ounce gap between Monday’s spot price and Hecla’s Q1 realized price, that’s $377 million to $412 million of gross price exposure, not counting payable-metal changes, sales timing or by-product offsets.
Hecla posted its last quarter on better metal prices. Revenue came in above $411 million, adjusted EBITDA was $265 million, operating cash flow hit $183 million and free cash flow from continuing ops was $144 million for Q1. With a market cap of $10.42 billion on Google Finance, the shares traded close to 10x a four-quarter run rate of that adjusted EBITDA.
The balance sheet looks supportive here. Hecla reported $588 million in cash at the end of the quarter, used $263 million to pay off the last of its senior notes, and reported zero long-term debt. CEO Rob Krcmarov said selling Casa Berardi “sharpened our focus on silver” and left the company “debt-free with a $225 million undrawn revolver.” SEC
The mine split also helps keep the stock in growth indexes after the price fell. Greens Creek put out 2.2 million ounces of silver for the first quarter. Lucky Friday turned out 1.2 million ounces. Keno Hill had 0.5 million ounces. Hecla said Keno Hill posted its fourth straight quarter of positive free cash flow. The Lucky Friday cooling project is 81% finished.
Analysts have a big gap on Hecla. Out of six ratings shown on Google Finance, three are buy calls, two are hold, and one rates it sell. The average 12-month target is $22.54. Targets range from Roth MKM at $13.50 (sell) to a $26.75 buy call from H.C. Wainwright.
