S&P 500 Futures Decline in Pre-Market Session; ImmunityBio and Enlight Renewable Energy Take the Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy HL?
Source: Barron's
- ImmunityBio Inc. Performance: ImmunityBio Inc. (IBRX) saw a significant increase of 20.3% in pre-market trading.
- Enlight Renewable Energy Ltd. Performance: Enlight Renewable Energy Ltd. (ENLT) experienced a rise of 7.7% in pre-market trading.
- Market Context: The U.S. stock markets are set to open in two hours, indicating potential volatility.
- Investor Sentiment: The pre-market gains for both companies suggest positive investor sentiment ahead of the market opening.
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Analyst Views on HL
Wall Street analysts forecast HL stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 20.890
Low
12.00
Averages
15.42
High
19.00
Current: 20.890
Low
12.00
Averages
15.42
High
19.00
About HL
Hecla Mining Company is a silver producer in the United States and Canada. The Company discovers, acquires and develops mines and other mineral interests and produces and markets concentrates containing silver, gold, lead, zinc and copper; carbon material containing silver and gold, and unrefined dore containing silver and gold. The Company's segments include Greens Creek, Lucky Friday, Keno Hill and Casa Berardi. The Greens Creek operation is located on Admiralty Island, near Juneau, Alaska. The Greens Creek ore body contains silver, zinc, gold and lead. The Lucky Friday mine is a deep underground silver, lead, and zinc mine located in the Coeur d’Alene Mining District in northern Idaho. The Casa Berardi mine is an underground/open-pit gold mine located in western Quebec. It owns 100% of the Keno Hill Silver Project, which is located within the Keno Hill Silver District in Canada’s Yukon Territory. The Company also owns a number of exploration and pre-development projects.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement: Hecla Mining (HL) is set to release its Q4 2023 earnings on February 17 after market close, with consensus EPS estimated at $0.17 and revenue expected to reach $355.28 million, reflecting a 42.3% year-over-year growth, which could positively impact the stock price.
- Performance Expectations: Over the past year, Hecla Mining has exceeded EPS estimates 25% of the time and has beaten revenue estimates 100% of the time, indicating strong performance and profitability in the market.
- Revision Trends: In the last three months, EPS estimates have seen three upward revisions with no downward adjustments, while revenue estimates have had one upward revision, suggesting increased analyst confidence in the company's future performance, potentially attracting more investor interest.
- Asset Transaction Update: Hecla Mining recently sold its Casa Berardi mine in Quebec to Orezone Gold for up to $593 million, a move that not only optimizes its asset portfolio but may also provide additional capital for future investments and expansion.
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- Stable Silver Reserves: Hecla reported year-end silver reserves of 231 million ounces for 2025, maintaining a peer-leading average reserve life despite producing 17 million ounces, showcasing the company's strong resource management capabilities.
- Increased Exploration Investment: In 2026, Hecla plans to nearly double its exploration and pre-development investment to $55 million, focusing on Nevada, Greens Creek, Keno Hill, and Lucky Friday, aiming to replace or exceed annual reserve depletion and enhance future growth potential.
- Significant Resource Expansion: Greens Creek produced 8.7 million ounces of silver in 2025 while increasing reserves by 2.4 million ounces, indicating successful resource expansion on existing assets and improving overall economic efficiency.
- High-Grade Discovery Potential: Follow-up drilling at Midas in Nevada yielded high-grade gold intercepts, with grades reaching 0.46 oz/ton gold and 0.9 oz/ton silver, further validating the company's strategic focus on high-impact discoveries.
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- Silver Reserves Leadership: Hecla Mining Company reported silver reserves of 231 million ounces at year-end 2025, maintaining a peer-leading average mine life despite producing 17 million ounces in 2025, showcasing the company's robust resource management capabilities.
- Significant Exploration Investment: In 2026, Hecla plans to nearly double its exploration and pre-development investment to $55 million, aimed at replacing or exceeding annual reserve depletion, thereby ensuring future resource sustainability.
- Strong Performance at Greens Creek: The Greens Creek mine produced 8.7 million ounces of silver in 2025 while adding 2.4 million ounces to its reserves, demonstrating ongoing growth potential and resource expansion capabilities, further solidifying Hecla's competitive position in the market.
- New Discoveries at Keno Hill: Drilling at Keno Hill revealed new ore shoots, with the Bermingham Vein returning 36.4 oz/ton silver in 2025, extending resource boundaries and indicating significant future resource growth potential.
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- Silver Price Plunge: The XAG/USD pair fell 8% to $77.56 per ounce, reflecting a shift in market sentiment to bearish as strong U.S. labor data diminished demand for safe-haven assets.
- Gold Price Decline: Spot gold prices dropped below $5,000, reaching $4,975 with a nearly 2.1% decrease, indicating investor concerns over future interest rate changes that further dampened the appeal of precious metals.
- Nonfarm Payrolls Surpass Expectations: According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls increased by 130,000 in January, significantly exceeding the expected 55,000, while the unemployment rate fell to 4.3%, bolstering the case for the Federal Reserve to maintain interest rates steady.
- Poor Performance of Silver Stocks: The iShares Silver Trust (SLV) dropped 8.7% to about $69.87, while shares of silver miners First Majestic (AG), Hecla Mining (HL), and Pan American Silver Corp. (PAAS) fell by 6.3%, 7.8%, and 6% respectively, reflecting bearish market sentiment around silver prices.
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Hecla Mining Performance: Hecala Mining's stock has increased by 1.7%.
Silver Corp Metals Update: Silver Corp Metals has seen a rise of 3.3% in its stock value.
Endeavour Silver Growth: Endeavour Silver's stock has gone up by 1.5%.
Overall Market Trends: The performance of these companies indicates a positive trend in the silver mining sector.
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- Silver Price Surge: April silver futures rose 6.6% to $86 an ounce, reflecting a significant increase in market demand for silver ahead of the Lunar New Year, which boosted mining stocks.
- Gold Price Recovery: Spot gold prices increased by 1.8% to $5,113.6 per ounce, surpassing the $5,000 mark, indicating strong investor demand for gold, particularly as the Chinese New Year approaches.
- Weak Dollar Impact: The DXY index dipped 0.2% to 96.3, with the weaker dollar providing support for gold and silver prices, further enhancing the investment appeal of precious metals in the market.
- Mining Stocks Performance: Silver mining companies First Majestic and Hecla Mining gained over 4% in pre-market trading, reflecting optimistic sentiment in the precious metals sector and investors' expectations for future price increases.
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