Hecla Mining's stock declines amid silver price volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
0mins
Should l Buy HL?
Source: Fool
Hecla Mining Co's stock fell by 8.12% as it hit a 20-day low, reflecting broader market weakness with the Nasdaq-100 down 0.94% and the S&P 500 down 0.47%.
The decline in Hecla's stock is influenced by recent market volatility, particularly in silver prices, which have been affected by shifts in demand and economic uncertainty. Silver spot prices dropped 2% to around $74.85 per ounce, and futures prices fell 4%, indicating a bearish outlook that has impacted investor confidence in silver mining companies, including Hecla Mining.
This price movement suggests that Hecla may face challenges in maintaining its stock value amidst fluctuating silver prices and market conditions. Investors will be closely monitoring upcoming earnings reports and market trends to gauge future performance.
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Analyst Views on HL
Wall Street analysts forecast HL stock price to rise
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 22.020
Low
16.00
Averages
23.93
High
36.50
Current: 22.020
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.
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- Company Performance: HCL Technologies' shares rose by 9.9% following the release of their Q4 results.
- Market Reaction: The increase in share price indicates positive investor sentiment towards the company's financial performance.
- Financial Highlights: The Q4 results likely included strong revenue or profit figures that contributed to the share price surge.
- Future Outlook: Investors may be optimistic about HCL's future growth prospects based on the latest financial data.
See More
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- Policy Shift and Capital Injection: The US has initiated Project Vault, a landmark public-private initiative backed by a $10 billion Export-Import Bank loan and $2 billion in private capital, aimed at establishing a strategic reserve of 60 critical minerals, which is expected to significantly enhance the stability of domestic critical mineral supply chains.
- Surge in Silver Investment: Physical silver investment is forecasted to increase by 20% in 2026, reaching a three-year high of 227 million ounces, despite the market facing its sixth consecutive annual supply deficit, positioning mining companies like GoldHaven and Almonty Industries to benefit.
- Copper Price Historical High: In January 2026, copper prices on the London Metal Exchange hit $13,238 per tonne, a historical high, with Citigroup projecting prices could approach $15,000 per tonne if supply shortages persist, which would enhance profitability for related mining firms.
- GoldHaven Financing Plan: GoldHaven Resources announced a $2 million critical mineral financing plan, intending to issue 7,547,170 flow-through shares to advance its Magno polymetallic project in British Columbia, with proceeds expected to fund drilling and geological modeling through 2026.
See More
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- Surge in Silver Investment: Physical silver investment is forecasted to increase by 20% in 2026 to a three-year high of 227 million ounces, despite the market facing its sixth consecutive annual supply deficit, positioning companies like GoldHaven Resources to benefit from a structural resource revaluation.
- Copper Prices Hit Record Highs: Copper prices reached $13,238 per tonne on the London Metal Exchange in January 2026, with Citigroup projecting prices could approach $15,000 per tonne if supply shortages persist, creating significant profit opportunities for mining companies with exposure to copper, tungsten, and silver.
- GoldHaven Financing Plan: GoldHaven Resources announced a $2 million critical mineral flow-through financing to issue 7,547,170 flow-through shares, with proceeds directed towards advancing the Magno polymetallic project in British Columbia, expected to support drilling plans in 2026 and enhance the company's competitiveness in the critical minerals sector.
See More
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- Supply-Demand Imbalance: The silver market is projected to face its sixth consecutive annual supply deficit in 2026, with cumulative shortfalls exceeding 800 million ounces over the past five years, equivalent to an entire year of global mine production, indicating that industrial demand from solar panels and electric vehicles is growing faster than new supply.
- Americore Resources Discovery: Americore Resources has uncovered five historic core holes at its Trinity Silver Project in Nevada that were previously overlooked, with Hole SC-4 returning 209.5 feet grading 145.98 g/t silver, potentially significantly increasing the existing 36 million-ounce silver equivalent resource estimate.
- Wheaton Precious Metals Performance: Wheaton Precious Metals reported production of approximately 691,670 gold equivalent ounces in 2025, exceeding its guidance of 670,000 GEOs, and has acquired an additional silver stream from the Antamina mine through a new partnership with BHP, projecting production of 860,000 to 940,000 GEOs in 2026, showcasing strong growth potential.
- Hecla Mining Growth: Hecla Mining achieved silver production of 17 million ounces in 2025, exceeding 2024 production by over 5%, and outlined its strategic plan for 2026 to 2028 at its Investor Day, indicating continued investment in domestic silver production amid increasing supply security concerns.
See More
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- Gold Price Fluctuations: Gold prices inched higher on Thursday due to rising safe-haven demand amid escalating U.S.-Iran tensions, briefly surpassing $5,000 before retreating to $4,988 as a stronger dollar capped gains, indicating market sensitivity to geopolitical risks.
- Middle East Tensions Escalate: Iran issued a Notice to Airmen warning of potential hazards during missile tests, while U.S. carrier groups gathered near Iran's coast, driving Brent crude futures up 1.3% to $71.3 per barrel, reflecting market concerns over oil supply disruptions.
- Fed Policy Signals: The latest FOMC minutes revealed divisions among officials regarding further rate cuts, suggesting a pause unless inflation cools, which has pressured gold prices as market uncertainty regarding future monetary policy increases.
- Mixed Mining Stock Performance: In pre-market trading, gold mining stocks showed mixed results, with Newmont Corp. down 0.2% and Barrick Gold up 0.1%, indicating varied market reactions to gold price fluctuations, while silver miners generally rose, reflecting differing investor sentiments towards precious metals.
See More
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- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
See More
