Hecla Mining CoHL +2.57%67 Gross Margin % is 61.55% as of Mar. 2026, which is 176% above its 10-year median of 22.30. GuruFocus rates HL with a GF Score™ of 67/100 and a GF Value™ of $9.65 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 730 Metals & Mining companies, Hecla Mining Co ranks better than 74.93% on this metric.
The historical rank and industry rank for Hecla Mining Co's Gross Margin % or its related term are showing as below:
HL'
s Gross Margin % Range Over the Past 10 Years
Min: 5.02 Med: 22.3 Max: 50.95
Current: 50.95
During the past 13 years, the highestGross Margin % of Hecla Mining Co was 50.95%. The lowest was 5.02%. And the median was 22.30%.
HL's Gross Margin % is ranked better than 74.93% of 730
companies
in the Metals & Mining industry
Industry Median: 26.175
vs HL: 50.95
Hecla Mining Co had a gross margin of 61.55% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Hecla Mining Co was 7.10% per year.
Hecla Mining Co (NYSE:HL) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Hecla Mining Co had a gross margin of 61.55% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Hecla Mining Co Gross Margin % Related Terms
Hecla Mining Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hecla Mining Co's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Precious Metals & Mining subindustry, Hecla Mining Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hecla Mining Co Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hecla Mining Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hecla Mining Co's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Hecla Mining Co (HL) has a Gross Margin % of 61.55% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hecla Mining Co and its competitors. This is 176% above median its historical median of 22.30. Over the past decade, Hecla Mining Co's Gross Margin % has ranged from 5.02 to 50.95. According to the industry distribution chart, Hecla Mining Co ranks #183 out of 730 companies in the Metals & Mining industry, placing it in the top 25.1%.
Is Hecla Mining Co's Gross Margin % too high?
Hecla Mining Co's current Gross Margin % of 61.55% is 176% above median its 10-year median of 22.30. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 50.95. The Metals & Mining industry median Gross Margin % is 26.18. Hecla Mining Co's value of 61.55% is 135.1% above this industry median. Based on the distribution chart, Hecla Mining Co ranks #183 out of 730 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Hecla Mining Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hecla Mining Co's Gross Margin % compare to MUX and LODE?
According to the Metals & Mining industry distribution chart, Hecla Mining Co ranks #183 out of 730 companies for Gross Margin %. This puts Hecla Mining Co in the upper half of its industry. The industry median Gross Margin % is 26.18. Hecla Mining Co's value of 61.55% is 135.1% above this benchmark. Historically, Hecla Mining Co's own Gross Margin % has ranged from 5.02 to 50.95 over the past decade. While the company's 10-year median is 22.30 vs. the industry median of 26.18, Hecla Mining Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hecla Mining Co's current Gross Margin % of 61.55% is 135.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Hecla Mining Co and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hecla Mining Co's current Gross Margin % is 61.55%, which is 176% above median its own 10-year median of 22.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hecla Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Hecla Mining Co (HL) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.65, compared to a current price of $15.54 — trading 61% above its estimated fair value. The current Gross Margin % is 61.55%, which is 176% above median its 10-year median of 22.30 and 135.1% above the Metals & Mining industry median of 26.18. Hecla Mining Co's overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Hecla Mining Co (HL), the current Gross Margin % is 61.55% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hecla Mining Co (HL) Overvalued in 2026?
Based on GuruFocus' analysis, Hecla Mining Co stock appears to be overvalued.
The current stock price of $15.54 is trading 61% above its estimated GF Value™ of $9.65.
GuruFocus considers Hecla Mining Co to be Significantly Overvalued.
Key valuation signals for HL:
Gross Margin %: 61.55% (176% above median its 10-year median of 22.30)
GF Value™: $9.65 vs. price of $15.54 (61% above fair value)
Industry Position: 135.1% above the Metals & Mining median (#183 of 730)
No single metric tells the full story. See the HL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hecla Mining Co produces and explores silver, gold, zinc, and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, and Casa Berardi. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada, the United States, and Mexico, and it derives a majority of its revenue from the United States.
67GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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