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H.C. Wainwright Maintains Buy Rating on Hecla Mining (HL)

Hecla Mining Company (NYSE:HL) is one of the 8 Best American Mining Stocks to Buy Right Now.

On May 6, 2026, H.C. Wainwright lowered the firm’s price target on Hecla Mining Company (NYSE:HL) to $26.75 from $36.50 while maintaining a Buy rating on the shares following the company’s Q1 results. The firm said the reduced target primarily reflects the sale of Casa Berardi at a valuation below its prior model assumptions, along with the use of a cash flow per share valuation framework.

On May 5, 2026, Hecla Mining Company (NYSE:HL) reported Q1 EPS of 25c, versus the consensus estimate of 24c. Revenue totaled $411.43M, compared to two analyst estimates of $432.44M. President and CEO Rob Krcmarov said the quarter highlighted the strength of the platform the company has built. Krcmarov added that the sale of Casa Berardi sharpened Hecla’s focus on silver production and enabled the company to redeem its senior notes in April, leaving it debt-free with a $225M undrawn revolving credit facility. Krcmarov also highlighted several organic growth initiatives across the portfolio, including the Greens Creek pyrite concentrate circuit, a potential restart at Midas, and a near doubling of exploration spending in 2026. The company said these initiatives, combined with its debt-free balance sheet and operating base, position it to deliver long-term value with significant silver exposure.

Pixabay/Public Domain

Last month, Canaccord analyst Dalton Baretto upgraded Hecla Mining Company (NYSE:HL) to Buy from Hold, previously with an unchanged price target of $24 on the shares.

Hecla Mining Company (NYSE:HL) produces precious and base metals through operations in the United States, Canada, Japan, Korea, China, and other international markets.

While we acknowledge the risk and potential of HL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

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  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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