Hecla Mining Co Surges on Silver Demand
Written by Emily J. Thompson, Senior Investment Analyst
Source: 4
Updated: 09 Dec 25
Source: 4
Hecla Mining Co saw a price increase of 5.54%, crossing above its 5-day SMA amid positive market conditions.
The surge is attributed to increased demand for silver, particularly after its designation as a critical mineral, which has heightened investor interest in the mining sector.
This trend suggests potential for further growth as Hecla Mining continues to expand its resource base, positioning itself favorably in the evolving market landscape.

No Data
Analyst Views on HL
Wall Street analysts forecast HL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HL is 14.08 USD with a low forecast of 10.00 USD and a high forecast of 16.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast HL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HL is 14.08 USD with a low forecast of 10.00 USD and a high forecast of 16.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 19.350

Current: 19.350

CIBC raised the firm's price target on Hecla Mining to $16.50 from $15 and keeps a Neutral rating on the shares following the exploration update. Hecla previously transitioned its Nevada assets from production to exploration back in 2019 due to high costs and operational issues, but the recent results bring the potential to restart operations at significantly lower costs with existing infrastructure already in place, the analyst tells investors in a research note.
Sector Perform
maintain
$15
Reason
Scotiabank analyst Eric Winmill resumed coverage of Hecla Mining with a Sector Perform rating and $15 price target. The U.S.-based silver producer's current valuation is at the high end of peers, but the firm sees upside potential driven by free cash flow generation, the advancement of non-producing assets such as Nevada toward production, and the successful realization of exploration potential, the analyst tells investors.
BMO Capital
Kevin O'Halloran
Market Perform
maintain
$12
Reason
BMO Capital
Kevin O'Halloran
BMO Capital analyst Kevin O'Halloran raised the firm's price target on Hecla Mining to $13.50 from $12 and keeps a Market Perform rating on the shares. The company's Q3 financials beat BMO and consensus estimates, driven by production results that exceeded expectations across all four operations, compounded by higher realized prices, the analyst tells investors in a research note.
Roth Capital analyst Joe Reagor raised the firm's price target on Hecla Mining to $10 from $8.75 and keeps a Sell rating on the shares after the company reported Q3 results that beat the firm's expectations. In addition to updating for the results, the firm notes it made "significant positive adjustments" to its model for Casa Berardi in 2026.
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.