<ul>
<li>想知道在经历了巨大的涨幅后，Hecla Mining 是否仍然是一个便宜的投资，还是你已经迟到了派对？这篇分析将帮助你理解当前股价的真实含义。</li>
<li>该股票最近大幅上涨，过去一周上涨了 11.9%，过去一个月上涨了 30.3%，年初至今更是引人注目地上涨了 261.6%。这完全改变了市场对其风险和回报特征的看法。</li>
<li>这种涨幅得益于更强的银价背景以及投资者对贵金属矿业公司的兴趣日益增长，因为资本正在转向被视为对抗通胀和宏观不确定性的资产。同时，Hecla 也在强调其作为美国领先银生产商的地位，利用长期需求主题，这有助于激发对其增长潜力的重新乐观情绪。</li>
<li>尽管如此，Hecla 目前的估值评分为 2/6，这意味着在六项检查中仅有两项显示其被低估。在本文中，我们将解析这在不同估值方法中的实际含义，并暗示到最后会有一个更具洞察力的公平价值思考方式。</li>
</ul>
<p>Hecla Mining 在我们的估值检查中仅得分 2/6。查看我们在完整估值分析中发现的其他警示信号。</p>
<h3>方法 1：Hecla Mining 折现现金流（DCF）分析</h3>
<p>折现现金流模型将 Hecla Mining 预期的未来现金流折现回今天，以估算该业务目前的价值。</p>
<p>Hecla 在过去十二个月中产生了约 1.245 亿美元的自由现金流，分析师预计这一数字将在未来十年迅速增长。Simply Wall St 汇总了未来几年的分析师预测，并进行外推，预计到 2035 年自由现金流将达到约 19.7 亿美元。这些不断上升的现金流随后使用所需的回报率进行折现，以反映风险和货币的时间价值。</p>
<p>基于此，DCF 模型估算的内在价值约为每股 41.47 美元。与当前股价相比，这意味着 Hecla 的交易价格比其估计的公平价值低 54.1%，这表明市场仍然定价了远比现金流前景所支持的更悲观的情绪。</p>
<p><strong>结果：被低估</strong></p>
<p>我们的折现现金流（DCF）分析表明 Hecla Mining 被低估了 54.1%。将其添加到你的观察列表或投资组合中，或发现基于现金流的 914 只其他被低估股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/dcf"/></p>
<p>截至 2025 年 12 月的 HL 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出 Hecla Mining 的公平价值的更多细节。</p>
<h3>方法 2：Hecla Mining 价格与收益</h3>
<p>对于盈利的公司，市盈率是衡量投资者愿意为每一美元当前收益支付多少的有用方式。一般来说，较快的收益增长和较低的感知风险会使市盈率倍数更高，而较慢的增长或较高的风险通常会要求较低的倍数。</p>
<p>Hecla Mining 当前的市盈率为 64.15 倍，远高于金属和矿业行业平均水平约 24.25 倍以及更广泛的同行平均水平约 22.99 倍。Simply Wall St 的公平比率框架进一步估算了针对 Hecla 的适当市盈率倍数，考虑到其收益增长前景、盈利能力、规模、行业和风险特征。该公平比率为 28.94 倍，这提供了比简单的同行或行业比较更具针对性的基准，因为它调整了公司的基本面，而不是假设它应该与平均矿业公司相似。</p>
<p>将 Hecla 的实际市盈率 64.15 倍与公平比率 28.94 倍进行比较，表明该股票目前的交易价格显著高于其基本面通常所应有的水平。</p>
<p><strong>结果：被高估</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:HL 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1461 家内部人士正在大举押注爆炸性增长的公司。</p>
<h3>提升你的决策能力，选择你的 Hecla Mining 故事</h3>
<p>我们之前提到过，有一种更好的方式来理解估值，因此让我们向你介绍叙述，这是一种将你对 Hecla 故事的看法与具体的预测和公平价值估算相连接的简单方式。叙述让你能够阐明你认为 Hecla 的收入、收益和利润率将如何变化，将这些假设与财务模型联系起来，并查看从另一侧得出的公平价值。例如，一个叙述可能侧重于勘探成功和电气化需求，以支持接近 14.55 美元的更高公平价值。一个更谨慎的叙述，专注于成本、监管风险和稀释，可能更接近 6.50 美元，显示出对同一事实的不同看法如何转化为截然不同的投资决策。</p>
<p>你认为 Hecla Mining 的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1510" height="1044" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/quote-price"/></p>
<p>NYSE:HL 1 年股票价格走势图</p>
<p>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</p>
<p>国防和灾难的移动基础设施</p>
<p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>代表 CiTech 赞助</p>

<p>Hecla Mining 的股票在 2025 年上涨了 261.6%，这得益于强劲的银价和投资者对贵金属的兴趣。尽管前景乐观，但根据现金流折现（DCF）分析，Hecla 的估值被低估了 54.1%，而其市盈率为 64.15 倍，相较于合理市盈率 28.94 倍则显得高估。投资者被鼓励考虑相关叙述，以更深入地理解其估值</p>

<ul>
<li>Wondering if Hecla Mining is still a bargain after its huge run, or if you are turning up late to the party? This breakdown will help you make sense of what the current share price really implies.</li>
<li>The stock has surged recently, climbing 11.9% over the last week, 30.3% over the past month, and an eye catching 261.6% year to date. This has completely changed how the market is thinking about its risk and reward profile.</li>
<li>That kind of move has been underpinned by a stronger silver price backdrop and growing investor interest in precious metals miners, as capital rotates toward assets seen as hedges against inflation and macro uncertainty. At the same time, Hecla has been highlighting its position as a leading US silver producer with leverage to long term demand themes, which is helping fuel renewed optimism around its growth potential.</li>
<li>Despite that optimism, Hecla currently carries a valuation score of 2/6, meaning it screens as undervalued on only two of six checks. In this article we will unpack what that actually means across different valuation methods and hint at an even more insightful way to think about fair value by the end.</li>
</ul>
<div class="lb-trans"><ul>
<li>想知道在经历了巨大的涨幅后，Hecla Mining 是否仍然是一个便宜的投资，还是你已经迟到了派对？这篇分析将帮助你理解当前股价的真实含义。</li>
<li>该股票最近大幅上涨，过去一周上涨了 11.9%，过去一个月上涨了 30.3%，年初至今更是引人注目地上涨了 261.6%。这完全改变了市场对其风险和回报特征的看法。</li>
<li>这种涨幅得益于更强的银价背景以及投资者对贵金属矿业公司的兴趣日益增长，因为资本正在转向被视为对抗通胀和宏观不确定性的资产。同时，Hecla 也在强调其作为美国领先银生产商的地位，利用长期需求主题，这有助于激发对其增长潜力的重新乐观情绪。</li>
<li>尽管如此，Hecla 目前的估值评分为 2/6，这意味着在六项检查中仅有两项显示其被低估。在本文中，我们将解析这在不同估值方法中的实际含义，并暗示到最后会有一个更具洞察力的公平价值思考方式。</li>
</ul>
</div><p>Hecla Mining scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.</p>
<div class="lb-trans"><p>Hecla Mining 在我们的估值检查中仅得分 2/6。查看我们在完整估值分析中发现的其他警示信号。</p>
</div><h3>Approach 1: Hecla Mining Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法 1：Hecla Mining 折现现金流（DCF）分析</h3>
</div><p>The Discounted Cash Flow model takes Hecla Mining’s expected future cash flows and then discounts them back to today to estimate what the business is worth right now in dollar terms.</p>
<div class="lb-trans"><p>折现现金流模型将 Hecla Mining 预期的未来现金流折现回今天，以估算该业务目前的价值。</p>
</div><p>Hecla generated around $124.5 million in Free Cash Flow over the last twelve months, and analysts expect this to climb rapidly over the coming decade. Simply Wall St aggregates analyst forecasts for the next few years and then extrapolates them, resulting in projected Free Cash Flow of roughly $1.97 billion by 2035. These rising cash flows are then discounted back using a required rate of return to reflect risk and the time value of money.</p>
<div class="lb-trans"><p>Hecla 在过去十二个月中产生了约 1.245 亿美元的自由现金流，分析师预计这一数字将在未来十年迅速增长。Simply Wall St 汇总了未来几年的分析师预测，并进行外推，预计到 2035 年自由现金流将达到约 19.7 亿美元。这些不断上升的现金流随后使用所需的回报率进行折现，以反映风险和货币的时间价值。</p>
</div><p>On this basis, the DCF model estimates an intrinsic value of about $41.47 per share. Compared with the current share price, this implies Hecla is trading at a 54.1% discount to its estimated fair value, suggesting the market is still pricing in far more pessimism than the cash flow outlook supports.</p>
<div class="lb-trans"><p>基于此，DCF 模型估算的内在价值约为每股 41.47 美元。与当前股价相比，这意味着 Hecla 的交易价格比其估计的公平价值低 54.1%，这表明市场仍然定价了远比现金流前景所支持的更悲观的情绪。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests Hecla Mining is undervalued by 54.1%. Track this in your watchlist or portfolio, or discover 914 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明 Hecla Mining 被低估了 54.1%。将其添加到你的观察列表或投资组合中，或发现基于现金流的 914 只其他被低估股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/dcf" alt="" original-src="https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/dcf"/></p>
<p>HL Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 HL 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Hecla Mining.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出 Hecla Mining 的公平价值的更多细节。</p>
</div><h3>Approach 2: Hecla Mining Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：Hecla Mining 价格与收益</h3>
</div><p>For companies that are generating profits, the price to earnings ratio is a useful way to gauge how much investors are willing to pay today for each dollar of current earnings. In general, faster earnings growth and lower perceived risk justify a higher PE multiple, while slower growth or higher risk usually call for a lower one.</p>
<div class="lb-trans"><p>对于盈利的公司，市盈率是衡量投资者愿意为每一美元当前收益支付多少的有用方式。一般来说，较快的收益增长和较低的感知风险会使市盈率倍数更高，而较慢的增长或较高的风险通常会要求较低的倍数。</p>
</div><p>Hecla Mining currently trades on a PE of 64.15x, which is well above both the Metals and Mining industry average of about 24.25x and the broader peer group average of roughly 22.99x. Simply Wall St’s Fair Ratio framework goes a step further by estimating what PE multiple would be appropriate for Hecla specifically, given its earnings growth outlook, profitability, size, industry and risk profile. That Fair Ratio is 28.94x, which offers a more tailored benchmark than simple peer or industry comparisons because it adjusts for the company’s own fundamentals rather than assuming it should look like the average miner.</p>
<div class="lb-trans"><p>Hecla Mining 当前的市盈率为 64.15 倍，远高于金属和矿业行业平均水平约 24.25 倍以及更广泛的同行平均水平约 22.99 倍。Simply Wall St 的公平比率框架进一步估算了针对 Hecla 的适当市盈率倍数，考虑到其收益增长前景、盈利能力、规模、行业和风险特征。该公平比率为 28.94 倍，这提供了比简单的同行或行业比较更具针对性的基准，因为它调整了公司的基本面，而不是假设它应该与平均矿业公司相似。</p>
</div><p>Comparing Hecla’s actual PE of 64.15x with the Fair Ratio of 28.94x suggests the stock is currently trading at a significant premium to what its fundamentals would typically warrant.</p>
<div class="lb-trans"><p>将 Hecla 的实际市盈率 64.15 倍与公平比率 28.94 倍进行比较，表明该股票目前的交易价格显著高于其基本面通常所应有的水平。</p>
</div><p><strong>Result: OVERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被高估</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:HL PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:HL 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1461 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1461 家内部人士正在大举押注爆炸性增长的公司。</p>
</div><h3>Upgrade Your Decision Making, Choose your Hecla Mining Narrative</h3>
<div class="lb-trans"><h3>提升你的决策能力，选择你的 Hecla Mining 故事</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, a simple way to connect your view of Hecla’s story with a concrete forecast and fair value estimate. A Narrative lets you spell out why you think Hecla’s revenue, earnings and margins will move a certain way, link those assumptions to a financial model, and see the fair value that drops out the other side. On Simply Wall St’s Community page, used by millions of investors, you can choose or create a Narrative, compare its Fair Value to today’s share price to decide whether Hecla looks like a buy, hold or sell, and then see that view update dynamically as new earnings, drilling results or guidance arrive. For example, one Narrative might lean into exploration success and electrification demand to support a higher fair value near 14.55 dollars. A more cautious Narrative, focused on costs, regulatory risk and dilution, might anchor closer to 6.50 dollars, showing how different perspectives on the same facts translate into very different investment decisions.</p>
<div class="lb-trans"><p>我们之前提到过，有一种更好的方式来理解估值，因此让我们向你介绍叙述，这是一种将你对 Hecla 故事的看法与具体的预测和公平价值估算相连接的简单方式。叙述让你能够阐明你认为 Hecla 的收入、收益和利润率将如何变化，将这些假设与财务模型联系起来，并查看从另一侧得出的公平价值。例如，一个叙述可能侧重于勘探成功和电气化需求，以支持接近 14.55 美元的更高公平价值。一个更谨慎的叙述，专注于成本、监管风险和稀释，可能更接近 6.50 美元，显示出对同一事实的不同看法如何转化为截然不同的投资决策。</p>
</div><p>Do you think there's more to the story for Hecla Mining? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为 Hecla Mining 的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/quote-price" alt="" original-src="https://images.simplywall.st/company/6811a312-a75e-43e4-9e1a-194dff1810fe/chart/quote-price"/></p>
<p>NYSE:HL 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>NYSE:HL 1 年股票价格走势图</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>国防和灾难的移动基础设施</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>代表 CiTech 赞助</p>
</div>

在 2025 年 Hecla Mining 股价飙升 262% 之后，现在考虑投资是否为时已晚？