Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Should l Buy HL?
Source: Benzinga
Silver Mining Stocks Surge: Silver mining stocks have achieved their best weekly performance in over four years, driven by rising gold prices, anticipated Federal Reserve interest rate cuts, and a significant global silver supply shortage, with several ETFs reporting substantial gains.
Growing Supply Deficit: A Silver Institute survey indicates a projected supply deficit of 265 million ounces for 2023, with industrial demand expected to rise significantly, further pushing silver prices upward amidst expectations of Fed rate cuts and favorable market conditions.
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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: 17.580
Low
16.00
Averages
23.93
High
36.50
Current: 17.580
Low
16.00
Averages
23.93
High
36.50
About HL
Hecla Mining Company is a silver producer in the United States and Canada. It 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. Its segments include Greens Creek, Lucky Friday, Keno Hill and Casa Berardi. Greens Creek operation is located on Admiralty Island, near Juneau, Alaska. Greens Creek property includes over 440 unpatented lode mining claims, 58 unpatented millsite claims, 21 patented lode claims and one patented millsite. Lucky Friday mine is a deep underground silver, lead, and zinc mine located in the Coeur d’Alene Mining District in northern Idaho. Keno Hill Silver Project is located within the Keno Hill Silver District in Canada’s Yukon Territory, which comprises over 242 square kilometers with numerous mineral deposits. It 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.
Hecla Mining to Announce Q1 Earnings on May 5th with Strong Estimates
- Earnings Announcement: Hecla Mining (HL) is set to release its Q1 earnings on May 5th after market close, with consensus EPS estimated at $0.26 and revenue projected at $432.44 million, reflecting a robust 65.5% year-over-year growth in the silver mining sector.
- Performance Beat: Over the past year, Hecla has exceeded EPS estimates 25% of the time while achieving a 100% success rate in beating revenue estimates, indicating the company's strong revenue growth and profitability stability.
- Estimate Revisions: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have also been revised upward once, suggesting analysts' optimistic outlook on Hecla's future performance amid rising silver prices.
- Market Outlook: With an undersupplied silver market, Hecla Mining is signaling a pathway to achieve 20 million ounces of silver production, and its record cash flow indicates a positive growth trajectory and strategic direction for the company moving forward.
See More
Hecla Mining Q1 Earnings Miss Expectations
- Disappointing Performance: Hecla Mining reported a Q1 GAAP EPS of $0.25, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence moving forward.
- Weak Revenue Growth: Despite a significant year-over-year revenue increase of 100.2% to $411 million, the figure fell short of market expectations by $21.44 million, suggesting that demand has not fully translated into sales even in a rapidly growing environment.
- Supply-Demand Imbalance: Hecla Mining highlighted that the undersupplied silver market is expected to drive future growth, indicating potential adjustments in resource allocation and market strategy to capitalize on this opportunity.
- Market Environment Challenges: With silver prices retreating from record highs, Andean Precious Metals has plunged 36% year-to-date, which may negatively impact overall industry sentiment, necessitating Hecla's cautious approach to market fluctuations.
See More
Hecla Mining Releases 2025 Sustainability Report Highlighting ESG Performance
- Safety Performance Improvement: Hecla Mining achieved a 13% improvement in safety performance in 2025, as measured by the total recordable injury frequency rate (TRIFR), ensuring employee safety and enhancing the company's competitive edge in the industry.
- Significant Economic Impact: The company generated over $1 billion in direct economic impact to the communities where it operates, demonstrating its positive role in driving local economic development while enhancing its reputation in social responsibility.
- Strengthened Environmental Standards: Hecla's greenhouse gas (GHG) emissions intensity ratio stands at 0.007 metric tonnes per ounce of silver produced, one of the lowest in the industry, reflecting the company's commitment and efforts in environmental protection.
- Female Leadership Representation: Women comprise 43% of the company's Board of Directors, promoting gender equality and bringing diverse perspectives and decision-making capabilities to the company, thereby enhancing corporate governance standards.
See More
Nord Precious Metals Mining Reports Significant Silver Intercepts
- Exploration Success: Nord Precious Metals reported a significant silver intercept of 9,510 g/t at its Castle East project in Ontario, indicating the potential for high-grade silver deposits that could enhance the company's future mining development and investment appeal.
- Structural Model Validation: The drilling results validate the structural model developed by Ronacher McKenzie Geoscience, suggesting that the project, supported by historical data, has 29 discrete vein targets, thereby increasing the credibility of resource assessments.
- Fully Funded Drilling Phase: Nord has commenced a fully funded 5,000-meter drilling phase as part of a 30,000-meter program, eliminating financing risks and ensuring a steady flow of news releases, which heightens market interest in its future developments.
- Integrated Processing Capability: Nord operates TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, and utilizes the Re-2Ox process to effectively handle arsenic in complex silver-cobalt ores, enhancing economic viability and strengthening market competitiveness.
See More
U.S. Stocks Close Lower, Weighed Down by Tech Sector
- Tech Sector Decline: Technology stocks fell broadly as concerns about the return on massive AI investments grew, with OpenAI missing its new user and sales targets, putting pressure on shares of partners like Nvidia and Oracle, which negatively impacted market sentiment.
- Positive Economic Data: Despite the market downturn, the U.S. consumer confidence index unexpectedly rose to 92.8, surpassing expectations, indicating economic resilience that could provide support for the market.
- Surging Oil Prices: WTI crude oil prices jumped over 3% to a two-week high amid escalating tensions between the U.S. and Iran in the Strait of Hormuz, potentially exacerbating the global energy crisis and pushing inflation expectations higher.
- Fed Policy Expectations: The market anticipates that the Federal Reserve will keep interest rates unchanged at the upcoming meeting, focusing on oil prices and inflation dynamics, reflecting a cautious outlook on the economic landscape.
See More
US Stock Market Volatility Amid Economic Data
- Tech Stock Pressure: Technology stocks are under pressure due to concerns over the return on massive investments in artificial intelligence, as OpenAI recently failed to meet its new user and sales targets, leading to declines in shares of partners like Nvidia and Oracle, reflecting market caution regarding the future of the AI sector.
- Positive Economic Data: The US consumer confidence index unexpectedly rose to 92.8, surpassing expectations of 89.0, indicating an increase in consumer confidence that could positively impact the stock market, although overall market pressures remain.
- Surging Oil Prices: WTI crude oil prices jumped over 3% to a two-week high amid escalating tensions between the US and Iran over the Strait of Hormuz, potentially deepening the global energy crisis and impacting inflation expectations and stock performance.
- Fed Policy Expectations: The market anticipates that the Federal Reserve will maintain interest rates at the upcoming meeting, despite increased uncertainty regarding future policy adjustments due to inflation and oil price volatility, reflecting investor caution about the economic outlook.
See More
Hecla Mining to Announce Q1 Earnings on May 5th with Strong Estimates
- Earnings Announcement: Hecla Mining (HL) is set to release its Q1 earnings on May 5th after market close, with consensus EPS estimated at $0.26 and revenue projected at $432.44 million, reflecting a robust 65.5% year-over-year growth in the silver mining sector.
- Performance Beat: Over the past year, Hecla has exceeded EPS estimates 25% of the time while achieving a 100% success rate in beating revenue estimates, indicating the company's strong revenue growth and profitability stability.
- Estimate Revisions: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have also been revised upward once, suggesting analysts' optimistic outlook on Hecla's future performance amid rising silver prices.
- Market Outlook: With an undersupplied silver market, Hecla Mining is signaling a pathway to achieve 20 million ounces of silver production, and its record cash flow indicates a positive growth trajectory and strategic direction for the company moving forward.
See More
Hecla Mining Q1 Earnings Miss Expectations
- Disappointing Performance: Hecla Mining reported a Q1 GAAP EPS of $0.25, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence moving forward.
- Weak Revenue Growth: Despite a significant year-over-year revenue increase of 100.2% to $411 million, the figure fell short of market expectations by $21.44 million, suggesting that demand has not fully translated into sales even in a rapidly growing environment.
- Supply-Demand Imbalance: Hecla Mining highlighted that the undersupplied silver market is expected to drive future growth, indicating potential adjustments in resource allocation and market strategy to capitalize on this opportunity.
- Market Environment Challenges: With silver prices retreating from record highs, Andean Precious Metals has plunged 36% year-to-date, which may negatively impact overall industry sentiment, necessitating Hecla's cautious approach to market fluctuations.
See More
Hecla Mining Releases 2025 Sustainability Report Highlighting ESG Performance
- Safety Performance Improvement: Hecla Mining achieved a 13% improvement in safety performance in 2025, as measured by the total recordable injury frequency rate (TRIFR), ensuring employee safety and enhancing the company's competitive edge in the industry.
- Significant Economic Impact: The company generated over $1 billion in direct economic impact to the communities where it operates, demonstrating its positive role in driving local economic development while enhancing its reputation in social responsibility.
- Strengthened Environmental Standards: Hecla's greenhouse gas (GHG) emissions intensity ratio stands at 0.007 metric tonnes per ounce of silver produced, one of the lowest in the industry, reflecting the company's commitment and efforts in environmental protection.
- Female Leadership Representation: Women comprise 43% of the company's Board of Directors, promoting gender equality and bringing diverse perspectives and decision-making capabilities to the company, thereby enhancing corporate governance standards.
See More
Nord Precious Metals Mining Reports Significant Silver Intercepts
- Exploration Success: Nord Precious Metals reported a significant silver intercept of 9,510 g/t at its Castle East project in Ontario, indicating the potential for high-grade silver deposits that could enhance the company's future mining development and investment appeal.
- Structural Model Validation: The drilling results validate the structural model developed by Ronacher McKenzie Geoscience, suggesting that the project, supported by historical data, has 29 discrete vein targets, thereby increasing the credibility of resource assessments.
- Fully Funded Drilling Phase: Nord has commenced a fully funded 5,000-meter drilling phase as part of a 30,000-meter program, eliminating financing risks and ensuring a steady flow of news releases, which heightens market interest in its future developments.
- Integrated Processing Capability: Nord operates TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, and utilizes the Re-2Ox process to effectively handle arsenic in complex silver-cobalt ores, enhancing economic viability and strengthening market competitiveness.
See More
U.S. Stocks Close Lower, Weighed Down by Tech Sector
- Tech Sector Decline: Technology stocks fell broadly as concerns about the return on massive AI investments grew, with OpenAI missing its new user and sales targets, putting pressure on shares of partners like Nvidia and Oracle, which negatively impacted market sentiment.
- Positive Economic Data: Despite the market downturn, the U.S. consumer confidence index unexpectedly rose to 92.8, surpassing expectations, indicating economic resilience that could provide support for the market.
- Surging Oil Prices: WTI crude oil prices jumped over 3% to a two-week high amid escalating tensions between the U.S. and Iran in the Strait of Hormuz, potentially exacerbating the global energy crisis and pushing inflation expectations higher.
- Fed Policy Expectations: The market anticipates that the Federal Reserve will keep interest rates unchanged at the upcoming meeting, focusing on oil prices and inflation dynamics, reflecting a cautious outlook on the economic landscape.
See More
US Stock Market Volatility Amid Economic Data
- Tech Stock Pressure: Technology stocks are under pressure due to concerns over the return on massive investments in artificial intelligence, as OpenAI recently failed to meet its new user and sales targets, leading to declines in shares of partners like Nvidia and Oracle, reflecting market caution regarding the future of the AI sector.
- Positive Economic Data: The US consumer confidence index unexpectedly rose to 92.8, surpassing expectations of 89.0, indicating an increase in consumer confidence that could positively impact the stock market, although overall market pressures remain.
- Surging Oil Prices: WTI crude oil prices jumped over 3% to a two-week high amid escalating tensions between the US and Iran over the Strait of Hormuz, potentially deepening the global energy crisis and impacting inflation expectations and stock performance.
- Fed Policy Expectations: The market anticipates that the Federal Reserve will maintain interest rates at the upcoming meeting, despite increased uncertainty regarding future policy adjustments due to inflation and oil price volatility, reflecting investor caution about the economic outlook.
See More
