Hecla Mining Company shares climbed nearly 6 percent on September 17 after the Idaho based silver producer's latest quarter showed record output at its Lucky Friday mine and a stronger balance sheet, even as revenue and earnings came in below the prior quarter's record pace.
The company's second quarter results showed total revenue near $333.9 million, EBITDA of about $176 million and free cash flow of $135.8 million. Hecla ended the quarter with roughly $483.5 million in cash and very little debt, a combination analysts said reflects the company's shift from turnaround story to steady cash generator.
Wall Street responded with mixed but generally constructive price target changes. Jefferies initiated coverage with a Hold rating and a $22 price target, citing the strength of Hecla's North American asset base. RBC Capital trimmed its target from $24 to $20 while maintaining an Outperform rating. Consensus targets among analysts covering the stock sit near $23, above where shares traded this week.
Beyond the quarterly numbers, Hecla disclosed that NVRO Metals completed a successful production test on tailings at its Greens Creek operation in Alaska, a project that could eventually add incremental silver recovery from material the company already owns.
An insider sale by Hecla's vice president of sustainability, who sold nearly 24,000 shares for about $498,000, drew attention but produced little movement in the stock price.
The results add to a broader run of strong performance across US silver miners this year as prices remain elevated and supply stays tight.
Source: StocksToTrade - https://stockstotrade.com/news/hecla-mining-company-hl-news-2026_09_17/