Hecla Mining Co Surges on Silver Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy HL?
Source: NASDAQ.COM
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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on HL
Wall Street analysts forecast HL stock price to rise
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 17.610
Low
16.00
Averages
23.93
High
36.50
Current: 17.610
Low
16.00
Averages
23.93
High
36.50
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.
Fed Holds Rates Steady Amid High Inflation, Mining Stocks Struggle
- Rate Policy Impact: The Federal Reserve's decision to keep the benchmark interest rate steady on March 18, signaling potential rate cuts delayed until 2027, has created a double whammy for metals and mining stocks amid persistent inflation and surging oil prices.
- Metal Price Decline: Traditionally, war boosts demand for precious metals like gold and silver; however, due to the U.S. dollar and bonds being favored as safe-haven assets, metal prices are declining, putting significant pressure on major mining stocks.
- Major Mining Companies Struggle: Shares of Newmont, the world's largest gold miner, fell 13.5% this week and over 25% since the Iran war began; Barrick and Hecla also faced steep declines, with Hecla's stock plunging over 50% from its late-January high.
- Industry Outlook Analysis: The metals and mining sector is grappling with high interest rates, soaring energy costs, and fears of an economic slowdown, creating substantial challenges, although companies like Newmont and Barrick show strong cash flow and asset management capabilities amidst the overall market gloom.
See More
Federal Reserve May Delay Rate Cuts Amid Rising Oil Prices and Inflation
- Metal Stocks Plummet: Amid surging oil prices due to the Iran war, metal prices have significantly dropped, with Newmont's shares falling 13.5% this week and over 25% since the conflict began, reflecting market concerns over metal demand.
- Rising Operational Costs: Brent crude oil prices have surged more than 50% since the Iran war, leading to skyrocketing operational costs for mining companies, resulting in significant stock declines for major players like Barrick and Hecla, with Hecla's stock down over 50% from its January peak.
- Market Environment Challenges: The metals and mining sector is under immense pressure from high interest rates, rising energy costs, and a stronger dollar, prompting companies like Newmont and Barrick to focus on debt reduction and asset restructuring to maintain financial stability.
- Investor Confidence Tested: Despite increased market volatility, companies like BHP demonstrate resilience with strong cash flows and high margins, suggesting that investors should maintain confidence in fundamental demand to navigate short-term market fluctuations.
See More
SILJ ETF 52-Week Price Analysis
- Price Fluctuation Analysis: The SILJ ETF has a 52-week low of $10.01 and a high of $41.10, with the latest trade at $26.50, indicating significant volatility and shifts in investor sentiment within the market.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides investors with valuable insights for technical analysis, aiding in understanding market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows or outflows, allowing investors to capture market dynamics and potential investment opportunities in a timely manner.
See More
Amplify Junior Silver Miners ETF SILJ Returns 184% in 2025
- Return Volatility: The Amplify Junior Silver Miners ETF (SILJ) achieved a remarkable 184% return in 2025, yet it plummeted 11% in just one week in March 2026 due to falling silver prices, highlighting the high volatility and risk associated with its returns.
- Top Holdings Performance: During the same week, SILJ's major holdings saw significant declines, with First Majestic Silver (AG) down 19%, Coeur Mining (CDE) down 10%, and Hecla Mining (HL) down 11%, collectively representing nearly a third of the fund, which severely impacted SILJ's performance.
- Structural Risks: Most silver is extracted as a byproduct of copper, lead, and zinc mining, meaning that SILJ's holdings are not primarily silver producers; thus, when silver prices rise, miners may fail to deliver the expected silver leverage, and conversely, they underperform when silver prices fall.
- Market Volatility Impact: With the VIX index reaching 23.5 in March 2026, up 14% from the previous month, elevated market volatility tends to compress risk appetite for speculative small-cap miners, leading to increased volatility in SILJ, necessitating cautious investor strategies in response to market fluctuations.
See More
Global Markets Decline Amid Inflation Concerns
- Market Decline: On Thursday, the S&P 500 fell by 0.27%, the Dow Jones Industrial Average by 0.44%, and the Nasdaq 100 by 0.29%, indicating a broad market decline driven by inflation concerns and investor pessimism.
- Energy Price Volatility: Crude oil prices experienced significant fluctuations as WTI initially rallied before retreating after Israel's assistance to the US in opening the Strait of Hormuz, highlighting the direct impact of geopolitical tensions on energy markets.
- Rising Bond Yields: The 10-year German Bund yield rose to a 2.25-year high of 3.01%, while the 10-year US Treasury yield reached a 6.75-month high of 4.32%, reflecting market expectations of potential tightening monetary policies by central banks, which could increase borrowing costs.
- Economic Data Impact: US weekly initial jobless claims unexpectedly fell to 205,000, indicating a strong labor market, while the Philadelphia Fed business outlook survey unexpectedly rose to a 6-month high of 18.1, further intensifying market concerns over potential interest rate hikes.
See More
Hecla Mining Stock Plummets Nearly 50% Amid Silver Price Collapse
- Stock Price Plunge: Hecla Mining's stock has dropped nearly 50% in recent weeks, falling from a 52-week high of $34.17 in late January to $16.25 in early Thursday trading, marking a new low not seen since December 2025, reflecting market pessimism about its future performance.
- Silver Price Collapse: Silver prices plummeted over 10% on March 19 to below $67 per ounce, a significant drop from nearly $115 just weeks earlier, severely threatening Hecla's profitability as the largest silver producer in the U.S. and Canada.
- Impact of High Oil Prices: Brent crude oil surged 7% to over $114 per barrel due to supply disruptions in the Middle East, driving inflation higher and forcing the Federal Reserve to delay interest rate cuts, which diminishes the appeal of non-yielding assets like silver, further pressuring Hecla's stock price.
- Strategic Adjustments and Outlook: Despite record revenue and net income in 2025, Hecla plans to double its exploration spending in 2026 and aims to use the $593 million from the sale of its Casa Berardi gold mine to repay debt and invest in growth, demonstrating its commitment to long-term development amid current challenges.
See More
Fed Holds Rates Steady Amid High Inflation, Mining Stocks Struggle
- Rate Policy Impact: The Federal Reserve's decision to keep the benchmark interest rate steady on March 18, signaling potential rate cuts delayed until 2027, has created a double whammy for metals and mining stocks amid persistent inflation and surging oil prices.
- Metal Price Decline: Traditionally, war boosts demand for precious metals like gold and silver; however, due to the U.S. dollar and bonds being favored as safe-haven assets, metal prices are declining, putting significant pressure on major mining stocks.
- Major Mining Companies Struggle: Shares of Newmont, the world's largest gold miner, fell 13.5% this week and over 25% since the Iran war began; Barrick and Hecla also faced steep declines, with Hecla's stock plunging over 50% from its late-January high.
- Industry Outlook Analysis: The metals and mining sector is grappling with high interest rates, soaring energy costs, and fears of an economic slowdown, creating substantial challenges, although companies like Newmont and Barrick show strong cash flow and asset management capabilities amidst the overall market gloom.
See More
Federal Reserve May Delay Rate Cuts Amid Rising Oil Prices and Inflation
- Metal Stocks Plummet: Amid surging oil prices due to the Iran war, metal prices have significantly dropped, with Newmont's shares falling 13.5% this week and over 25% since the conflict began, reflecting market concerns over metal demand.
- Rising Operational Costs: Brent crude oil prices have surged more than 50% since the Iran war, leading to skyrocketing operational costs for mining companies, resulting in significant stock declines for major players like Barrick and Hecla, with Hecla's stock down over 50% from its January peak.
- Market Environment Challenges: The metals and mining sector is under immense pressure from high interest rates, rising energy costs, and a stronger dollar, prompting companies like Newmont and Barrick to focus on debt reduction and asset restructuring to maintain financial stability.
- Investor Confidence Tested: Despite increased market volatility, companies like BHP demonstrate resilience with strong cash flows and high margins, suggesting that investors should maintain confidence in fundamental demand to navigate short-term market fluctuations.
See More
SILJ ETF 52-Week Price Analysis
- Price Fluctuation Analysis: The SILJ ETF has a 52-week low of $10.01 and a high of $41.10, with the latest trade at $26.50, indicating significant volatility and shifts in investor sentiment within the market.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides investors with valuable insights for technical analysis, aiding in understanding market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows or outflows, allowing investors to capture market dynamics and potential investment opportunities in a timely manner.
See More
Amplify Junior Silver Miners ETF SILJ Returns 184% in 2025
- Return Volatility: The Amplify Junior Silver Miners ETF (SILJ) achieved a remarkable 184% return in 2025, yet it plummeted 11% in just one week in March 2026 due to falling silver prices, highlighting the high volatility and risk associated with its returns.
- Top Holdings Performance: During the same week, SILJ's major holdings saw significant declines, with First Majestic Silver (AG) down 19%, Coeur Mining (CDE) down 10%, and Hecla Mining (HL) down 11%, collectively representing nearly a third of the fund, which severely impacted SILJ's performance.
- Structural Risks: Most silver is extracted as a byproduct of copper, lead, and zinc mining, meaning that SILJ's holdings are not primarily silver producers; thus, when silver prices rise, miners may fail to deliver the expected silver leverage, and conversely, they underperform when silver prices fall.
- Market Volatility Impact: With the VIX index reaching 23.5 in March 2026, up 14% from the previous month, elevated market volatility tends to compress risk appetite for speculative small-cap miners, leading to increased volatility in SILJ, necessitating cautious investor strategies in response to market fluctuations.
See More
Global Markets Decline Amid Inflation Concerns
- Market Decline: On Thursday, the S&P 500 fell by 0.27%, the Dow Jones Industrial Average by 0.44%, and the Nasdaq 100 by 0.29%, indicating a broad market decline driven by inflation concerns and investor pessimism.
- Energy Price Volatility: Crude oil prices experienced significant fluctuations as WTI initially rallied before retreating after Israel's assistance to the US in opening the Strait of Hormuz, highlighting the direct impact of geopolitical tensions on energy markets.
- Rising Bond Yields: The 10-year German Bund yield rose to a 2.25-year high of 3.01%, while the 10-year US Treasury yield reached a 6.75-month high of 4.32%, reflecting market expectations of potential tightening monetary policies by central banks, which could increase borrowing costs.
- Economic Data Impact: US weekly initial jobless claims unexpectedly fell to 205,000, indicating a strong labor market, while the Philadelphia Fed business outlook survey unexpectedly rose to a 6-month high of 18.1, further intensifying market concerns over potential interest rate hikes.
See More
Hecla Mining Stock Plummets Nearly 50% Amid Silver Price Collapse
- Stock Price Plunge: Hecla Mining's stock has dropped nearly 50% in recent weeks, falling from a 52-week high of $34.17 in late January to $16.25 in early Thursday trading, marking a new low not seen since December 2025, reflecting market pessimism about its future performance.
- Silver Price Collapse: Silver prices plummeted over 10% on March 19 to below $67 per ounce, a significant drop from nearly $115 just weeks earlier, severely threatening Hecla's profitability as the largest silver producer in the U.S. and Canada.
- Impact of High Oil Prices: Brent crude oil surged 7% to over $114 per barrel due to supply disruptions in the Middle East, driving inflation higher and forcing the Federal Reserve to delay interest rate cuts, which diminishes the appeal of non-yielding assets like silver, further pressuring Hecla's stock price.
- Strategic Adjustments and Outlook: Despite record revenue and net income in 2025, Hecla plans to double its exploration spending in 2026 and aims to use the $593 million from the sale of its Casa Berardi gold mine to repay debt and invest in growth, demonstrating its commitment to long-term development amid current challenges.
See More
