Hecla Mining Surges as Gold Prices Hit Record Highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 Jan 26
Source: Benzinga
Hecla Mining's shares have surged 8.21% today, reaching a 52-week high, driven by strong investor demand for gold and silver amid rising prices.
The surge is attributed to the company's recent approval for the Polaris Exploration Project, which is set to enhance its gold mining capabilities and support future growth. Additionally, the record high prices of gold and silver, with gold at $4,699.93 per ounce and silver at $94.72, have significantly boosted investor confidence in Hecla Mining.
This positive momentum reflects the ongoing trend in the precious metals market, suggesting that Hecla Mining is well-positioned for continued growth as it capitalizes on favorable market conditions.
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 15.42 USD with a low forecast of 12.00 USD and a high forecast of 19.00 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.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 27.190
Low
12.00
Averages
15.42
High
19.00
Current: 27.190
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.
