Hecla Mining Company (HL, Financial) has announced a significant development for its Libby Exploration Project in Montana, as it has been included in a key initiative by the Trump Administration. As of March 18, 2025, the project is part of the measures to advance critical mineral projects under Executive Order 14241, designed to boost American mineral production. This inclusion means that Libby has been added to the Federal Permitting Improvement Steering Council’s FAST-41 permitting dashboard, ensuring that the project’s environmental review and authorization schedule is accessible to the public, enhancing transparency among stakeholders.
This recognition as a critical minerals project underscores the strategic importance of expanding domestic resources of silver and copper, key components in various technological and industrial applications. Hecla Mining’s leadership has expressed satisfaction with this priority status, which is anticipated to streamline the permitting process as the project approaches a final Record of Decision.
The company acknowledges the support from Montana's congressional delegation, highlighting the local leadership's role in backing the initiative. Hecla Mining views this milestone as a positive step towards adding value to its portfolio. While the company continues to assess the project’s financial viability and technical challenges, this designation is seen as enhancing its long-term potential.
As the project progresses, Hecla Mining remains committed to disciplined capital allocation to ensure shareholder value. The inclusion in the critical minerals initiative positions Hecla favorably for future developments in their resource management and production strategy.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Hecla Mining Co (HL, Financial) is $7.43 with a high estimate of $11.50 and a low estimate of $6.00. The average target implies an upside of 31.42% from the current price of $5.65. More detailed estimate data can be found on the Hecla Mining Co (HL) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Hecla Mining Co's (HL, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hecla Mining Co (HL, Financial) in one year is $6.33, suggesting a upside of 12.04% from the current price of $5.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hecla Mining Co (HL) Summary page.
