HL Stock Surges 31% In 5-day Spree On Strong-Buy Upgrade And Silver Rally
Hecla Mining (HL) – a precious and base metal mining company specializing in silver and gold – hit 5-day winning streak, with cumulative gains over this period amounting to a 31%. The company market cap has surged by about $5.0 Bil over the last 5 days, and currently stands at $21 Bil.
The stock has YTD (year-to-date) return of 63.1% compared to 1% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] Zacks Research Rating Upgrade
- Rating Raised To “Strong-Buy”
- Followed 12-Month Highs
- Impact: Increased Investor Confidence, Significant Price Appreciation
[2] Precious Metals Sector Strength
- Silver Prices Surged Past $96/oz
- Gold Reached All-Time Highs
- Impact: Macro Tailwinds For Miners, Broad Institutional Interest
Opportunity or Trap?
Below is our take on valuation.
There is not much to fear in HL stock given its overall Strong operating performance and financial condition. But given its Very High valuation, the stock appears Relatively Expensive (For details, see Buy or Sell HL).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for HL stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | HL | S&P 500 |
|---|---|---|
| 1D | 8.3% | 0.5% |
| 5D (Current Streak) | 31.5% | -0.2% |
| 1M (21D) | 59.1% | 1.2% |
| 3M (63D) | 144.3% | 2.6% |
| YTD 2026 | 63.1% | 1.0% |
| 2025 | 291.7% | 16.4% |
| 2024 | 2.8% | 23.3% |
| 2023 | -13.0% | 24.2% |
However, big gains can follow sharp reversals – but how has HL behaved after prior drops? See HL Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 43 S&P constituents with 3 days or more of consecutive gains and 29 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 29 | 16 |
| 4D | 7 | 5 |
| 5D | 2 | 6 |
| 6D | 2 | 2 |
| 7D or more | 3 | 0 |
| Total >=3 D | 43 | 29 |
Key Financials for Hecla Mining (HL)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $720.2 Mil | $929.9 Mil |
| Operating Income | $39.2 Mil | $171.0 Mil |
| Net Income | $-84.2 Mil | $35.8 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $304.0 Mil | $409.5 Mil |
| Operating Income | $98.8 Mil | $153.2 Mil |
| Net Income | $57.7 Mil | $100.7 Mil |
While HL stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.