HL vs CDE vs USAS Stock Comparison

Hecla Mining, Coeur Mining and Americas Gold & Silver Prices as of Oct 27, 2026 Peers: Industry group
HL Hecla Mining Co/De/
$14.62 -19.6% 1M +18.3% 1Y
Market cap
$9.76B
P/E
29.3x
Revenue (TTM)
$1.60B
Div. yield
–
Silver Basic Materials
4 wins
CDE Coeur Mining, Inc.
$14.21 -26.1% 1M -19.6% 1Y
Market cap
$14.50B
P/E
17.0x
Revenue (TTM)
$3.17B
Div. yield
–
Silver Basic Materials
6 wins

Head to Head

11 decided of 12

Coeur Mining leads on 6 of the 12 questions below (Coeur Mining 6, Hecla Mining 4, Americas Gold & Silver 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHLCDEUSASLeader
Larger companyMarket capitalisation $9.76B $14.50B $836.74M CDE
Cheaper on earningsLower P/E, profitable companies only 29.3x 17.0x -20.3x CDE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.8x 14.2x 35.3x CDE
Faster revenue growthRevenue growth, trailing twelve months +74.4% +117.3% +88.0% CDE
More profitableNet margin, trailing twelve months 20.8% 26.8% -22.7% CDE
Better return on capitalReturn on invested capital 19.9% 5.9% 1.3% HL
Less leveragedLower net debt / EBITDA -0.5x -0.2x -6.9x USAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +18.3% -19.6% -18.9% HL
Better 5-year returnAnnualised price return, 5 years +19.1%/yr +18.1%/yr +6.6%/yr HL
Less volatileAnnualised volatility, 1 year 71.1% 72.1% 88.3% HL
Higher overall scoreMean of the five percentile scores vs peers 74/100 76/100 60/100 CDE

Percentile Scorecard

HLCDEUSAS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHLCDEUSAS
Valuation 60 #66 of 162 79 #35 of 162 50 #82 of 162
Growth 98 #4 of 147 99 #3 of 147 81 #29 of 147
Profitability 93 #10 of 122 75 #31 of 122 44 #69 of 122
Financial Health 88 #21 of 164 72 #47 of 164 77 #39 of 164
Shareholder Returns 33 #72 of 107 58 #46 of 107 51 #53 of 107
Overall 74 76 60
  • HL ranked among 176 companies in Metals and Mining
  • CDE ranked among 176 companies in Metals and Mining
  • USAS ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHLCDEUSASSPY
1 month -19.6%-26.1%-34.0% -0.2%
3 months +0.5%-4.6%-18.0% +3.9%
6 months -18.0%-20.4%-43.9% +8.2%
Year to date -23.8%-20.3%-37.8% +12.9%
1 year +18.3%-19.6%-18.9% +12.3%
3 years +253.1%+457.3%+301.6% +87.4%
3 years, per year +52.3%+77.4%+59.0% +23.3%
5 years +139.7%+129.2%+37.8% +67.9%
5 years, per year +19.1%+18.1%+6.6% +10.9%
10 years +153.8%+27.8%-54.6% +261.1%
10 years, per year +9.8%+2.5%-7.6% +13.7%

Risk

MeasureHLCDEUSASSPY
Volatility, 1Y 71.1%72.1%88.3% 12.7%
Downside volatility, 1Y 70.1%72.8%93.8% 12.7%
Beta vs S&P 500, 1Y 2.643.093.80 1.00
Return / volatility, 1Y 0.26-0.27-0.21 0.97
Max drawdown, 5Y -56.5%-72.0%-83.6% -25.4%
From 52-week high -54.0%-47.7%-68.3% -1.2%
52-week high $31.81$27.15$10.03 $779.14
52-week low $11.97$13.47$3.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHLCDEUSAS
P/E now vs peer median 29.4xmedian 13.3x 17.2xmedian 13.3x -20.6xmedian 13.3x
P/S now vs peer median 6.1xmedian 3.2x 4.6xmedian 3.2x 5.6xmedian 3.2x
EV/EBITDA now vs peer median 10.2xmedian 7.3x 9.1xmedian 7.3x 79.1xmedian 7.3x
P/FCF now vs peer median 20.3xmedian 14.7x 12.6xmedian 14.7x 17.8xmedian 14.7x
P/B now vs peer median 3.7xmedian 2.2x 1.1xmedian 2.2x 3.4xmedian 2.2x
PEG now vs peer median 0.29median 0.31 0.21median 0.31 -0.53median 0.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHLCDEUSAS
Revenue $1.60B $3.17B $181.59M
Gross profit – $2.50B $92.90M
Operating income $737.49M $1.07B $4.62M
Net income $333.98M $850.41M -$47.71M
Free cash flow $483.99M $1.16B $57.37M
R&D $30.73M – $7.36M
EPS (diluted) $0.49 $0.82 $-0.15
Cash & equivalents $483.48M $1.05B $88.88M
Total debt $7.56M $705.29M $6.95M
Shares (diluted) 675.89M 1.03B 267.34M
Enterprise value $8.23B $11.78B $456.54M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHLCDEUSAS
P/E 29.4x 17.2x -20.6x
P/FCF 20.3x 12.6x 17.8x
P/Operating cash flow 13.4x 10.0x 22.6x
P/S 6.1x 4.6x 5.6x
P/B 3.7x 1.1x 3.4x
P/Tangible book 3.7x 1.1x 3.4x
EV/EBITDA 10.2x 9.1x 79.1x
EV/EBIT 12.7x 13.3x 202.9x
EV/Revenue 5.8x 4.5x 5.2x
EV/FCF 19.3x 12.3x 16.3x
EV/Operating cash flow 12.7x 9.7x 20.8x
PEG (3Y EPS CAGR) 0.29 0.21 -0.53

Growth

14 metrics
MetricHLCDEUSAS
Revenue growth (1Y) 74.4% 117.3% 88.0%
Revenue CAGR (3Y) 30.6% 61.2% 28.8%
Gross profit growth (1Y) – 296.7% 684.7%
Gross profit CAGR (3Y) – 176.2% 109.3%
Operating income growth (1Y) 344.3% 203.1% -37.5%
Operating income CAGR (3Y) 217.6% 52.2% 63.9%
Net income growth (1Y) 233.1% 346.0% -42.6%
Net income CAGR (3Y) 109.0% 146.7% 3.6%
EPS growth (1Y) 216.5% 177.3% -281.6%
EPS CAGR (3Y) 102.4% 83.6% 39.1%
Operating cash flow growth (1Y) 129.4% 226.3% 712.7%
Operating cash flow CAGR (3Y) 112.8% 373.7% 84.2%
Free cash flow growth (1Y) 293.4% 364.5% 207.2%
Free cash flow CAGR (3Y) 81.0% 73.8% 60.6%

Profitability

14 metrics
MetricHLCDEUSAS
Gross margin – 79.0% 51.2%
EBITDA margin 56.9% 49.6% 6.5%
Operating margin 46.0% 33.8% 2.5%
Pretax margin 43.4% 33.5% -16.4%
Net margin 20.8% 26.8% -22.7%
FCF margin 30.2% 36.5% 31.6%
Operating cash flow margin 45.8% 46.2% 24.9%
Return on equity 26.7% 3.0% -8.5%
Return on assets 21.4% 2.7% -5.2%
Return on invested capital 19.9% 5.9% 1.3%
Return on capital employed 23.5% 7.3% –
Asset turnover 0.5x 0.2x 0.4x
Cash conversion (OCF / net income) 2.2x 1.7x -0.9x
Stock comp / revenue 0.7% 0.9% 5.7%

Financial Health

11 metrics
MetricHLCDEUSAS
Debt / assets 0.2% 4.6% 1.6%
Debt / equity 0.0x 0.1x 0.0x
Net debt / EBITDA -0.5x -0.2x -6.9x
Debt / FCF 0.0x 0.6x 0.1x
Liabilities / assets 15.9% 9.9% 31.5%
Equity / assets 84.1% 90.1% 68.5%
Interest coverage 27.3x – 1.2x
Current ratio 5.2x 3.7x –
Quick ratio 5.0x 2.3x –
Cash ratio 3.3x 2.2x –
Altman Z-score 13.08 6.16 –

Shareholder Returns

7 metrics
MetricHLCDEUSAS
Dividend yield 0.0% 0.1% –
Net buyback yield -0.4% 0.3% -0.8%
Shareholder yield -0.4% 0.4% -0.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHLCDEUSAS
Forward P/E 22.8xFY2026 14.2xFY2026 35.3xFY2026
EPS, next fiscal year $0.64FY2026 $1.00FY2026 $0.09FY2026
EPS growth, next FY +45.5%FY2026 +25.0%FY2026 –
EPS growth, the year after +40.6% +63.0% +244.4%
Revenue, next fiscal year $1.49BFY2026 $4.94BFY2026 $244.05MFY2026
Revenue growth, next FY +5.1%FY2026 +138.7%FY2026 +107.0%FY2026
Revenue growth, the year after -7.2% +18.1% +63.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHLCDEUSAS
Held by institutions 72.1% 76.7% 42.0%
Institutions holding 584 678 154
Change in shares held, QoQ +0.4% +2.7% +4.8%
Institutions buying 313 397 95
Institutions selling 187 192 33
Buyers to sellers 1.67 2.07 2.88

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HLCDEUSAS
HL 1.00 0.87 0.79
CDE 0.87 1.00 0.81
USAS 0.79 0.81 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HL, CDE and USAS?

Coeur Mining (CDE) is the largest by market capitalisation: Hecla Mining (HL) $9.76B, Coeur Mining (CDE) $14.50B, Americas Gold & Silver (USAS) $836.74M.

Which stock is cheaper, HL, CDE and USAS?

Coeur Mining (CDE) trades on the lowest price-to-earnings ratio (Hecla Mining (HL) 29.3x, Coeur Mining (CDE) 17.0x, Americas Gold & Silver (USAS) -20.3x). On next year's consensus earnings, Coeur Mining (CDE) is cheapest (Hecla Mining (HL) 22.8x, Coeur Mining (CDE) 14.2x, Americas Gold & Silver (USAS) 35.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Coeur Mining (CDE) grew revenue fastest over the trailing twelve months: Hecla Mining (HL) +74.4%, Coeur Mining (CDE) +117.3%, Americas Gold & Silver (USAS) +88.0%.

Which company is more profitable?

Coeur Mining (CDE) has the highest net margin (Hecla Mining (HL) 20.8%, Coeur Mining (CDE) 26.8%, Americas Gold & Silver (USAS) -22.7%). On return on invested capital, Hecla Mining (HL) leads (Hecla Mining (HL) 19.9%, Coeur Mining (CDE) 5.9%, Americas Gold & Silver (USAS) 1.3%).

Which stock has performed better?

Over the past year Hecla Mining (HL) returned the most: Hecla Mining (HL) +18.3%, Coeur Mining (CDE) -19.6%, Americas Gold & Silver (USAS) -18.9%. Over five years, Hecla Mining (HL) compounded fastest (Hecla Mining (HL) +19.1%/yr, Coeur Mining (CDE) +18.1%/yr, Americas Gold & Silver (USAS) +6.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Hecla Mining (HL) has been the steadiest (Hecla Mining (HL) 71.1%, Coeur Mining (CDE) 72.1%, Americas Gold & Silver (USAS) 88.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HL, CDE and USAS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Coeur Mining (CDE) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.