Hecla Mining Shares Slightly Down, Active Options Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy HL?
Moderately bullish activity in Hecla Mining (HL), with shares down 6c near $23.96. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 4.2 points near 87.06,in the top quartile of the past year, suggesting an expected daily move of $1.31. Put-call skew flattened, suggesting a modestly bullish tone.
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Analyst Views on HL
Wall Street analysts forecast HL stock price to fall
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 24.910
Low
16.00
Averages
23.93
High
36.50
Current: 24.910
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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- Market Imbalance: The silver market is projected to face a structural deficit of 67 million ounces in 2026, as industrial consumption continues to outpace mine supply, driving average silver prices to $81 per ounce, more than double the 2025 average, indicating strong market demand for silver.
- Historic Drill Discoveries: Americore Resources uncovered five historic drill holes at its Trinity Silver Project in Nevada, with Hole SC-4 returning 145.98 g/t silver, revealing potentially significant resources that were previously unaccounted for, which could substantially enhance the existing 36 million-ounce silver equivalent resource estimate.
- Strategic Mineral Listing: The U.S. government's recent decision to add silver to its Critical Minerals list further tightens supply chains, especially as China controls an estimated 70% of global refined silver supply, enhancing the strategic significance of companies like Americore.
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- Agreement Breakdown Risk: Hecla's refusal to incorporate the sharp rise in gold prices into the Impacts and Benefits Agreement has undermined the foundation of its partnership with Abitibiwinni, potentially affecting future collaboration and development.
- Ecological Protection Initiative: Abitibiwinni plans to establish protected areas around the Casa Berardi mine to safeguard the culturally significant and declining woodland caribou population, insisting that both companies support this initiative and that no further exploration occurs without their informed consent.
- Call for Dialogue and Cooperation: Abitibiwinni is requesting that Hecla and Orezone engage in good-faith discussions promptly to restore fairness in their relationship regarding mining operations and promote responsible sustainable development.
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Market Conditions: The financial landscape presented unique conditions that allowed for strategic investment decisions and potential gains.
Performance Evaluation: The year served as a benchmark for assessing the effectiveness and decision-making skills of fund managers.
Investor Expectations: Investors were keenly observing how fund managers adapted to the evolving market, influencing future investment strategies.
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- Tariff Policy Shift: The U.S. Supreme Court struck down Trump's tariff policy, stating he exceeded his authority under the 1977 International Emergency Economic Powers Act (IEEPA), prompting Trump to raise global tariffs from 10% to 15%, which adds to market uncertainty.
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