<ul>
<li>想知道在經歷了巨大的漲幅後，Hecla Mining 是否仍然是一個便宜的投資，還是你已經遲到了派對？這篇分析將幫助你理解當前股價的真實含義。</li>
<li>該股票最近大幅上漲，過去一週上漲了 11.9%，過去一個月上漲了 30.3%，年初至今更是引人注目地上漲了 261.6%。這完全改變了市場對其風險和回報特徵的看法。</li>
<li>這種漲幅得益於更強的銀價背景以及投資者對貴金屬礦業公司的興趣日益增長，因為資本正在轉向被視為對抗通脹和宏觀不確定性的資產。同時，Hecla 也在強調其作為美國領先銀生產商的地位，利用長期需求主題，這有助於激發對其增長潛力的重新樂觀情緒。</li>
<li>儘管如此，Hecla 目前的估值評分為 2/6，這意味着在六項檢查中僅有兩項顯示其被低估。在本文中，我們將解析這在不同估值方法中的實際含義，並暗示到最後會有一個更具洞察力的公平價值思考方式。</li>
</ul>
<p>Hecla Mining 在我們的估值檢查中僅得分 2/6。查看我們在完整估值分析中發現的其他警示信號。</p>
<h3>方法 1：Hecla Mining 折現現金流（DCF）分析</h3>
<p>折現現金流模型將 Hecla Mining 預期的未來現金流折現回今天，以估算該業務目前的價值。</p>
<p>Hecla 在過去十二個月中產生了約 1.245 億美元的自由現金流，分析師預計這一數字將在未來十年迅速增長。Simply Wall St 匯總了未來幾年的分析師預測，並進行外推，預計到 2035 年自由現金流將達到約 19.7 億美元。這些不斷上升的現金流隨後使用所需的回報率進行折現，以反映風險和貨幣的時間價值。</p>
<p>基於此，DCF 模型估算的內在價值約為每股 41.47 美元。與當前股價相比，這意味着 Hecla 的交易價格比其估計的公平價值低 54.1%，這表明市場仍然定價了遠比現金流前景所支持的更悲觀的情緒。</p>
<p><strong>結果：被低估</strong></p>
<p>我們的折現現金流（DCF）分析表明 Hecla Mining 被低估了 54.1%。將其添加到你的觀察列表或投資組合中，或發現基於現金流的 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 折現現金流</p>
<p>前往我們公司報告的估值部分，瞭解我們如何得出 Hecla Mining 的公平價值的更多細節。</p>
<h3>方法 2：Hecla Mining 價格與收益</h3>
<p>對於盈利的公司，市盈率是衡量投資者願意為每一美元當前收益支付多少的有用方式。一般來説，較快的收益增長和較低的感知風險會使市盈率倍數更高，而較慢的增長或較高的風險通常會要求較低的倍數。</p>
<p>Hecla Mining 當前的市盈率為 64.15 倍，遠高於金屬和礦業行業平均水平約 24.25 倍以及更廣泛的同行平均水平約 22.99 倍。Simply Wall St 的公平比率框架進一步估算了針對 Hecla 的適當市盈率倍數，考慮到其收益增長前景、盈利能力、規模、行業和風險特徵。該公平比率為 28.94 倍，這提供了比簡單的同行或行業比較更具針對性的基準，因為它調整了公司的基本面，而不是假設它應該與平均礦業公司相似。</p>
<p>將 Hecla 的實際市盈率 64.15 倍與公平比率 28.94 倍進行比較，表明該股票目前的交易價格顯著高於其基本面通常所應有的水平。</p>
<p><strong>結果：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>市盈率講述了一個故事，但如果真正的機會在其他地方呢？發現 1461 家內部人士正在大舉押注爆炸性增長的公司。</p>
<h3>提升你的決策能力，選擇你的 Hecla Mining 故事</h3>
<p>我們之前提到過，有一種更好的方式來理解估值，因此讓我們向你介紹敍述，這是一種將你對 Hecla 故事的看法與具體的預測和公平價值估算相連接的簡單方式。敍述讓你能夠闡明你認為 Hecla 的收入、收益和利潤率將如何變化，將這些假設與財務模型聯繫起來，並查看從另一側得出的公平價值。例如，一個敍述可能側重於勘探成功和電氣化需求，以支持接近 14.55 美元的更高公平價值。一個更謹慎的敍述，專注於成本、監管風險和稀釋，可能更接近 6.50 美元，顯示出對同一事實的不同看法如何轉化為截然不同的投資決策。</p>
<p>你認為 Hecla Mining 的故事還有更多內容嗎？前往我們的社區，看看其他人怎麼説！</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 年股票價格走勢圖</p>
<p>這篇來自 Simply Wall St 的文章具有一般性。<strong>我們僅基於歷史數據和分析師預測提供評論，採用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成購買或出售任何股票的推薦，也未考慮您的目標或財務狀況。我們的目標是為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價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沒有持倉。</p>
<p>國防和災難的移動基礎設施</p>
<p>下一波機器人技術不是類人型的。它是完全自主的塔，在 30 分鐘內提供 5G、ISR 和雷達，隨時隨地。</p>
<p>在下一輪合同之前獲取投資者簡報</p>
<p>代表 CiTech 贊助</p>

<p>Hecla Mining 的股票在 2025 年上漲了 261.6%，這得益於強勁的銀價和投資者對貴金屬的興趣。儘管前景樂觀，但根據現金流折現（DCF）分析，Hecla 的估值被低估了 54.1%，而其市盈率為 64.15 倍，相較於合理市盈率 28.94 倍則顯得高估。投資者被鼓勵考慮相關敍述，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>想知道在經歷了巨大的漲幅後，Hecla Mining 是否仍然是一個便宜的投資，還是你已經遲到了派對？這篇分析將幫助你理解當前股價的真實含義。</li>
<li>該股票最近大幅上漲，過去一週上漲了 11.9%，過去一個月上漲了 30.3%，年初至今更是引人注目地上漲了 261.6%。這完全改變了市場對其風險和回報特徵的看法。</li>
<li>這種漲幅得益於更強的銀價背景以及投資者對貴金屬礦業公司的興趣日益增長，因為資本正在轉向被視為對抗通脹和宏觀不確定性的資產。同時，Hecla 也在強調其作為美國領先銀生產商的地位，利用長期需求主題，這有助於激發對其增長潛力的重新樂觀情緒。</li>
<li>儘管如此，Hecla 目前的估值評分為 2/6，這意味着在六項檢查中僅有兩項顯示其被低估。在本文中，我們將解析這在不同估值方法中的實際含義，並暗示到最後會有一個更具洞察力的公平價值思考方式。</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 在我們的估值檢查中僅得分 2/6。查看我們在完整估值分析中發現的其他警示信號。</p>
</div><h3>Approach 1: Hecla Mining Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法 1：Hecla Mining 折現現金流（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>折現現金流模型將 Hecla Mining 預期的未來現金流折現回今天，以估算該業務目前的價值。</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 在過去十二個月中產生了約 1.245 億美元的自由現金流，分析師預計這一數字將在未來十年迅速增長。Simply Wall St 匯總了未來幾年的分析師預測，並進行外推，預計到 2035 年自由現金流將達到約 19.7 億美元。這些不斷上升的現金流隨後使用所需的回報率進行折現，以反映風險和貨幣的時間價值。</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>基於此，DCF 模型估算的內在價值約為每股 41.47 美元。與當前股價相比，這意味着 Hecla 的交易價格比其估計的公平價值低 54.1%，這表明市場仍然定價了遠比現金流前景所支持的更悲觀的情緒。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>結果：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>我們的折現現金流（DCF）分析表明 Hecla Mining 被低估了 54.1%。將其添加到你的觀察列表或投資組合中，或發現基於現金流的 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 折現現金流</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>前往我們公司報告的估值部分，瞭解我們如何得出 Hecla Mining 的公平價值的更多細節。</p>
</div><h3>Approach 2: Hecla Mining Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：Hecla Mining 價格與收益</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>對於盈利的公司，市盈率是衡量投資者願意為每一美元當前收益支付多少的有用方式。一般來説，較快的收益增長和較低的感知風險會使市盈率倍數更高，而較慢的增長或較高的風險通常會要求較低的倍數。</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 當前的市盈率為 64.15 倍，遠高於金屬和礦業行業平均水平約 24.25 倍以及更廣泛的同行平均水平約 22.99 倍。Simply Wall St 的公平比率框架進一步估算了針對 Hecla 的適當市盈率倍數，考慮到其收益增長前景、盈利能力、規模、行業和風險特徵。該公平比率為 28.94 倍，這提供了比簡單的同行或行業比較更具針對性的基準，因為它調整了公司的基本面，而不是假設它應該與平均礦業公司相似。</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>將 Hecla 的實際市盈率 64.15 倍與公平比率 28.94 倍進行比較，表明該股票目前的交易價格顯著高於其基本面通常所應有的水平。</p>
</div><p><strong>Result: OVERVALUED</strong></p>
<div class="lb-trans"><p><strong>結果：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>市盈率講述了一個故事，但如果真正的機會在其他地方呢？發現 1461 家內部人士正在大舉押注爆炸性增長的公司。</p>
</div><h3>Upgrade Your Decision Making, Choose your Hecla Mining Narrative</h3>
<div class="lb-trans"><h3>提升你的決策能力，選擇你的 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>我們之前提到過，有一種更好的方式來理解估值，因此讓我們向你介紹敍述，這是一種將你對 Hecla 故事的看法與具體的預測和公平價值估算相連接的簡單方式。敍述讓你能夠闡明你認為 Hecla 的收入、收益和利潤率將如何變化，將這些假設與財務模型聯繫起來，並查看從另一側得出的公平價值。例如，一個敍述可能側重於勘探成功和電氣化需求，以支持接近 14.55 美元的更高公平價值。一個更謹慎的敍述，專注於成本、監管風險和稀釋，可能更接近 6.50 美元，顯示出對同一事實的不同看法如何轉化為截然不同的投資決策。</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>你認為 Hecla Mining 的故事還有更多內容嗎？前往我們的社區，看看其他人怎麼説！</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 年股票價格走勢圖</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>這篇來自 Simply Wall St 的文章具有一般性。<strong>我們僅基於歷史數據和分析師預測提供評論，採用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成購買或出售任何股票的推薦，也未考慮您的目標或財務狀況。我們的目標是為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價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沒有持倉。</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>國防和災難的移動基礎設施</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>下一波機器人技術不是類人型的。它是完全自主的塔，在 30 分鐘內提供 5G、ISR 和雷達，隨時隨地。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一輪合同之前獲取投資者簡報</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>代表 CiTech 贊助</p>
</div>

在 2025 年 Hecla Mining 股價飆升 262% 之後，現在考慮投資是否為時已晚？