Analyst Consensus ?
ConsensusHold25 ratings
Bullish1040.0%
Neutral1352.0%
Bearish28.0%
Hecla Mining Company · HL · FY2026 Q3 · Calendar Q4 2026
Cash generation and higher guidance offset Keno Hill constraints
Hecla's reported cash generation, liquidity and improved production and cost guidance support its ability to pursue organic projects. That case depends on execution and remains exposed to metal-price volatility, Keno Hill constraints and labor costs.
Reported After market closeNYSEBasic Materials
$10.04B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.14
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $340.1M
Revenue surprise
—
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
+13.2%
Event window
SPY move
+1.7%
Same window
Abnormal move
+11.5%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
HLSPY benchmark
Ask FN2 about HL FY2026 Q3
Transcript, numbers and history already loaded
What drove HL's +13.2% move after FY2026 Q3 earnings?What changed in HL's guidance and outlook in FY2026 Q3?Give me the bull and bear case for HL after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with Q2, management reported record operating and free cash flow, higher total liquidity, improved the lower bound of silver production guidance, lowered cash-cost, AISC and capital-spending outlooks, and described three possible paths for Greens Creek tailings reprocessing.
Guidance delta
Management raised the lower bound of silver production guidance, lowered cash-cost and AISC guidance, and reduced its capital-spending outlook.
Key takeaways
- Management attributed the Q3 revenue dip to softer metal prices and shipment timing, while describing silver production as robust.
- The transcript analysis reports record operating cash flow of $203 million, free cash flow of $151 million, $700 million in cash and about $1.2 billion of liquidity.
- Organic growth plans include a Greens Creek pyrite circuit, evaluation of tailings reprocessing options and planning for a Midas restart.
Management priorities
- Evaluate and select among three Greens Creek tailings-reprocessing pathways over the next 6–18 months.
- Advance pyrite concentrate production planning and Midas restart studies.
- Continue drilling at Keno Hill, Bermingham Deep and Greens Creek extensions; pursue Keno Hill permits.
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Analyst 52W Price Targets
$14.95Current
$5Low
$17.66Average
$36.5High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Jul 14, 2026 |
| HC Wainwright & Co. | Buy | Buy | Maintain | May 6, 2026 |
| Canaccord Genuity | Buy | Hold | Upgrade | Apr 29, 2026 |
| CIBC | Neutral | Neutral | Maintain | Jan 28, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jan 27, 2026 |
| Roth Capital | Neutral | Buy | Downgrade | Jul 1, 2025 |
| TD Securities | Hold | Hold | Maintain | May 5, 2025 |
| Roth MKM | Buy | Buy | Maintain | Feb 18, 2025 |
| National Bank Financial Inc | Outperform | Outperform | Maintain | Sep 19, 2023 |
| B. Riley Securities | Buy | Buy | Maintain | Aug 24, 2023 |
| Cantor Fitzgerald | Hold | Buy | Downgrade | May 12, 2023 |
| B. Riley FBR | Neutral | Neutral | Maintain | May 19, 2020 |
| H.C. Wainwright | Buy | Buy | Maintain | May 8, 2020 |
| B. Riley | Neutral | Neutral | Maintain | Nov 25, 2019 |
| Rodman & Renshaw | Buy | Buy | Maintain | Sep 6, 2016 |
| JP Morgan | Overweight | Neutral | Upgrade | Aug 9, 2016 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 9, 2016 |
| Bernstein | Perform | Market Perform | Maintain | Jul 5, 2016 |
| FBR Capital | Market Perform | Market Perform | Maintain | Jan 28, 2016 |
| BB&T Capital | Hold | Buy | Downgrade | Jan 15, 2015 |
| Bank of America | Underperform | Neutral | Downgrade | Oct 15, 2014 |
| B of A Securities | Underperform | Neutral | Downgrade | Oct 15, 2014 |
| Cowen & Co. | Perform | Market Perform | Maintain | Jun 13, 2014 |
| Global Hunter Securities | Buy | Neutral | Upgrade | Mar 8, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $14.95. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Analyst unavailable | $22 | $20.82 | +47.2% | Aug 20, 2026 |
| Scotiabank | Analyst unavailable | $21 | $15.56 | +40.5% | Jul 14, 2026 |
| H.C. Wainwright | Analyst unavailable | $26.75 | $17.9 | +78.9% | May 6, 2026 |
| Canaccord Genuity | Dalton Baretto | $24 | $17.37 | +60.5% | Apr 29, 2026 |
| Roth Capital | Analyst unavailable | $13 | $22.55 | -13.0% | Feb 18, 2026 |
| H.C. Wainwright | Heiko Ihle | $36.5 | $27.95 | +144.1% | Jan 27, 2026 |
| Roth Capital | Joe Reagor | $16 | $29.97 | +7.0% | Jan 27, 2026 |
| BMO Capital | Kevin O'Halloran | $28 | $29.97 | +87.3% | Jan 27, 2026 |
| Scotiabank | Eric Winmill | $25 | $33.26 | +67.2% | Jan 26, 2026 |
| Canaccord Genuity | Analyst unavailable | $26.5 | $31.57 | +77.3% | Jan 23, 2026 |
| CIBC | Analyst unavailable | $16.5 | $14.72 | +10.4% | Nov 25, 2025 |
| CIBC | Cosmos Chiu | $15 | $12.54 | +0.3% | Oct 10, 2025 |
| Roth Capital | Analyst unavailable | $8.75 | $12.06 | -41.5% | Oct 3, 2025 |
| National Bank | Alex Terentiew | $7 | $6.01 | -53.2% | Jun 13, 2025 |
| TD Securities | Wayne Lam | $5 | $4.79 | -66.6% | May 5, 2025 |
| BMO Capital | Kevin O'Halloran | $5.5 | $4.54 | -63.2% | May 2, 2025 |
| B.Riley Financial | Adam Graf | $7 | $6.82 | -53.2% | Sep 16, 2024 |
| CIBC | Cosmos Chiu | $7.5 | $6.04 | -49.8% | May 22, 2024 |
| Cantor Fitzgerald | Mike Kozak | $6 | $5.47 | -59.9% | May 9, 2024 |
| Roth Capital | Joe Reagor | $6 | $5.44 | -59.9% | Apr 9, 2024 |
| Roth Capital | Joe Reagor | $4 | $4.03 | -73.2% | Sep 19, 2023 |
| BMO Capital | Analyst unavailable | $5 | $5.98 | -66.6% | Jan 13, 2023 |
| H.C. Wainwright | Heiko Ihle | $6.5 | $4.53 | -56.5% | Jul 30, 2022 |
Track every rating change on HL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHecla Mining Company, along with its subsidiaries, engages in the exploration, acquisition, development, and extraction of both precious and base metal resources across the United States and internationally. The company produces concentrates of silver, gold, lead, and zinc, as well as carbon material and doré, both of which contain silver and gold. These materials are then sold to custom smelters, metal traders, and third-party processors. Hecla holds full ownership stakes in several key mining operations: the Greens Creek mine in southeast Alaska's Admiralty Island; the Lucky Friday mine in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine in Durango, Mexico. Additionally, the company entirely owns the Fire Creek mine in Lander County, Nevada, and both the Hollister and Midas mines in Elko County, Nevada. Established in 1891, Hecla Mining Company's headquarters are located in Coeur d'Alene, Idaho.
Historical context
All HL earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| OC Owens Corning | FY2026 Q3 · Calendar Q4 2026 | -20.5% | +8.5% | Owens Corning posts resilient adjusted margins amid weak housing demand |
| IFF International Flavors & Fragrances Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.1% | -4.9% | IFF lifts 2026 guidance, but Health & Biosciences remains a pressure point |
| HL-PB Hecla Mining Company | FY2026 Q3 · Calendar Q4 2026 | +54.0% | — | Hecla reports record Q3 cash flow and raises silver outlook |
| MLM Martin Marietta Materials, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +2.4% | Martin Marietta raises 2026 outlook as infrastructure demand holds |
| MOS The Mosaic Company | FY2026 Q3 · Calendar Q4 2026 | -1656.0% | +17.4% | Mosaic Q3: Cost Discipline Meets Sulfur and Phosphate Constraints |
| TX Ternium S.A. | FY2026 Q3 · Calendar Q4 2026 | -24.9% | -0.0% | Ternium: Mexico strength offsets Brazil and import risks |
Latest beats and misses
Who reports nextBeat on EPS
- UNMAFY2026 Q3 · November 3, 2026+1.9% EPS+0.5% move
- UNMFY2026 Q3 · November 3, 2026+1.9% EPS-17.8% move
- IFFFY2026 Q3 · November 3, 2026+2.1% EPS-4.9% move
- JKHYFY2027 Q1 · November 3, 2026+10.1% EPS+10.8% move
- HL-PBFY2026 Q3 · November 3, 2026+54.0% EPS— move
- SUFY2026 Q3 · November 3, 2026+20.9% EPS-4.5% move
Missed on EPS
- OCFY2026 Q3 · November 4, 2026-20.5% EPS+8.5% move
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
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Sources
- Earnings call transcript and parsed analysis · 2026-11-04T20:12:20.455360+00:00
- FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
- Polygon adjusted daily market bars · 2026-11-05T01:50:43.515266+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-05T01:50:43.512349+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-05. For educational purposes only; not investment advice.