WallStSmart

Hecla Mining Company (HL)vsMcEwen Mining Inc. (MUX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hecla Mining Company generates 620% more annual revenue ($1.42B vs $197.55M). HL leads profitability with a 22.6% profit margin vs 17.4%. MUX trades at a lower P/E of 31.4x. HL earns a higher WallStSmart Score of 69/100 (B-).

HL

Strong Buy

69

out of 100

Grade: B-

Growth: 8.7Profit: 8.0Value: 5.3Quality: 6.8
Piotroski: 5/9Altman Z: 2.14

MUX

Hold

45

out of 100

Grade: D+

Growth: 8.0Profit: 4.0Value: 5.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HLFair Value (-3.3%)

Margin of Safety

-3.3%

Fair Value

$22.93

Current Price

$18.36

$4.57 premium

UndervaluedFair: $22.93Overvalued
MUXSignificantly Overvalued (-581.0%)

Margin of Safety

-581.0%

Fair Value

$4.01

Current Price

$19.44

$15.43 premium

UndervaluedFair: $4.01Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HL3 strengths · Avg: 9.7/10
Operating MarginProfitability
49.1%10/10

Strong operational efficiency at 49.1%

Revenue GrowthGrowth
79.5%10/10

Revenue surging 79.5% year-over-year

Profit MarginProfitability
22.6%9/10

Keeps 23 of every $100 in revenue as profit

MUX2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
92.8%10/10

Revenue surging 92.8% year-over-year

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Areas to Watch

HL2 concerns · Avg: 3.0/10
P/E RatioValuation
36.6x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
5.642/10

Expensive relative to growth rate

MUX4 concerns · Avg: 3.5/10
P/E RatioValuation
31.4x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$1.10B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
6.6%3/10

ROE of 6.6% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : HL

The strongest argument for HL centers on Operating Margin, Revenue Growth, Profit Margin. Profitability is solid with margins at 22.6% and operating margin at 49.1%. Revenue growth of 79.5% demonstrates continued momentum.

Bull Case : MUX

The strongest argument for MUX centers on Revenue Growth, Price/Book. Profitability is solid with margins at 17.4% and operating margin at -8.9%. Revenue growth of 92.8% demonstrates continued momentum.

Bear Case : HL

The primary concerns for HL are P/E Ratio, PEG Ratio.

Bear Case : MUX

The primary concerns for MUX are P/E Ratio, EPS Growth, Market Cap.

Key Dynamics to Monitor

HL carries more volatility with a beta of 1.28 — expect wider price swings.

MUX is growing revenue faster at 92.8% — sustainability is the question.

HL generates stronger free cash flow (135M), providing more financial flexibility.

Monitor OTHER PRECIOUS METALS & MINING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HL scores higher overall (69/100 vs 45/100), backed by strong 22.6% margins and 79.5% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Hecla Mining Company

BASIC MATERIALS · OTHER PRECIOUS METALS & MINING · USA

Hecla Mining Company discovers, acquires, develops and produces precious and base metal properties in the United States and internationally. The company is headquartered in Coeur d'Alene, Idaho.

McEwen Mining Inc.

BASIC MATERIALS · OTHER PRECIOUS METALS & MINING · USA

McEwen Mining Inc. is engaged in the exploration, development, production and sale of gold and silver deposits in the United States, Canada, Mexico and Argentina. The company is headquartered in Toronto, Canada.

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