HL vs PAAS vs SVM Stock Comparison

Hecla Mining, Pan American Silver and Silvercorp Metals Prices as of Nov 5, 2026 Peers: Industry group
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HL Hecla Mining Co/De/
$14.44 -15.6% 1M +19.2% 1Y
Market cap
$9.79B
P/E
25.6x
Revenue (TTM)
$1.82B
Div. yield
–
Silver Basic Materials
4 wins
SVM Silvercorp Metals Inc
$8.34 -20.6% 1M +36.1% 1Y
Market cap
$1.88B
P/E
18.3x
Revenue (TTM)
$484.23M
Div. yield
–
Silver Basic Materials
4 wins

Head to Head

11 decided of 12

Silvercorp Metals leads on 4 of the 12 questions below (Silvercorp Metals 4, Hecla Mining 4, Pan American Silver 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHLPAASSVMLeader
Larger companyMarket capitalisation $9.79B $15.47B $1.88B PAAS
Cheaper on earningsLower P/E, profitable companies only 25.6x 9,850x 18.3x SVM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.6x 12.7x 11.6x SVM
Faster revenue growthRevenue growth, trailing twelve months +84.1% +6.2% +49.7% HL
More profitableNet margin, trailing twelve months 21.0% 0.0% 21.2% SVM
Better return on capitalReturn on invested capital 22.3% 0.0% 11.0% HL
Less leveragedLower net debt / EBITDA -0.8x -4.3x -1.8x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +19.2% +19.9% +36.1% SVM
Better 5-year returnAnnualised price return, 5 years +19.3%/yr +9.3%/yr +13.6%/yr HL
Less volatileAnnualised volatility, 1 year 72.3% 58.8% 71.2% PAAS
Higher overall scoreMean of the five percentile scores vs peers 79/100 66/100 77/100 HL

Percentile Scorecard

HLPAASSVM

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

AxisHLPAASSVM
Valuation 63 #63 of 169 56 #75 of 169 85 #27 of 169
Growth 97 #5 of 153 88 #20 of 153 90 #17 of 153
Profitability 93 #9 of 123 50 #62 of 123 84 #20 of 123
Financial Health 91 #16 of 165 87 #23 of 165 82 #30 of 165
Shareholder Returns 51 #57 of 116 50 #58 of 116 45 #64 of 116
Overall 79 66 77
  • HL ranked among 177 companies in Metals and Mining
  • PAAS ranked among 177 companies in Metals and Mining
  • SVM ranked among 177 companies in Metals and Mining

Price Performance

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

Returns

PeriodHLPAASSVMSPY
1 month -15.6%-11.8%-20.6% -5.9%
3 months -9.0%-15.7%-22.8% -4.6%
6 months -20.1%-29.9%-38.0% +0.2%
Year to date -24.8%-21.8%0.0% +7.5%
1 year +19.2%+19.9%+36.1% +8.2%
3 years +243.8%+166.1%+269.0% +68.3%
3 years, per year +51.0%+38.6%+54.6% +19.0%
5 years +141.1%+55.8%+89.1% +56.5%
5 years, per year +19.3%+9.3%+13.6% +9.4%
10 years +123.5%+145.5%— +251.5%
10 years, per year +8.4%+9.4%— +13.4%

Risk

MeasureHLPAASSVMSPY
Volatility, 1Y 72.3%58.8%71.2% 13.6%
Downside volatility, 1Y 70.5%60.8%73.1% 14.2%
Beta vs S&P 500, 1Y 2.531.972.47 1.00
Return / volatility, 1Y 0.270.340.51 0.60
Max drawdown, 5Y -58.5%-59.2%-56.4% -25.4%
From 52-week high -54.6%-41.0%-46.9% -5.9%
52-week high $31.81$68.70$15.71 $779.14
52-week low $12.11$33.77$6.13 $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.

MultipleHLPAASSVM
P/E now vs peer median 25.4xmedian 12.9x 9,841xmedian 12.9x 17.8xmedian 12.9x
P/S now vs peer median 5.3xmedian 3.1x 4.9xmedian 3.1x 3.8xmedian 3.1x
EV/EBITDA now vs peer median 8.9xmedian 7.6x 44.0xmedian 7.6x 6.8xmedian 7.6x
P/FCF now vs peer median 18.2xmedian 12.2x 11.2xmedian 12.2x 5.3xmedian 12.2x
P/B now vs peer median 3.4xmedian 2.2x 2.3xmedian 2.2x 1.5xmedian 2.2x
PEG now vs peer median 0.23median 0.19 377.07median 0.19 0.54median 0.19

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 monthsHLPAASSVM
Revenue $1.82B $3.46B $484.23M
Gross profit – $1.18B $301.66M
Operating income $824.40M $2.08M $165.77M
Net income $382.86M $1.12B $85.80M
Free cash flow $531.60M $1.53B $345.79M
R&D $38.68M – –
EPS (diluted) $0.56 $0.00 $0.47
Cash & equivalents $691.57M $1.51B $383.45M
Total debt $7.08M $2.00M $2.09M
Shares (diluted) 676.87M 381.58M 219.43M
Enterprise value $7.63B $9.68B $224.45M

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
MetricHLPAASSVM
P/E 25.4x 9,841x 17.8x
P/FCF 18.2x 11.2x 5.3x
P/Operating cash flow 12.3x 14.2x 5.3x
P/S 5.3x 4.9x 3.8x
P/B 3.4x 2.3x 1.5x
P/Tangible book 3.4x 2.3x 1.5x
EV/EBITDA 8.9x 44.0x 6.8x
EV/EBIT 10.8x 7,492x 8.8x
EV/Revenue 4.9x 4.5x 3.0x
EV/FCF 16.8x 10.2x 4.2x
EV/Operating cash flow 11.3x 12.9x 4.2x
PEG (3Y EPS CAGR) 0.23 377.07 0.54

Growth

14 metrics
MetricHLPAASSVM
Revenue growth (1Y) 84.1% 6.2% 49.7%
Revenue CAGR (3Y) 34.2% 19.6% 28.3%
Gross profit growth (1Y) – 15.1% 128.4%
Gross profit CAGR (3Y) – 118.7% 53.4%
Operating income growth (1Y) 223.9% 112.6% 32.4%
Operating income CAGR (3Y) 316.6% 179.0% 42.9%
Net income growth (1Y) 92.2% 111.9% 81.8%
Net income CAGR (3Y) 118.1% 69.4% 23.8%
EPS growth (1Y) 91.0% 135.9% 91.5%
EPS CAGR (3Y) 111.2% 26.1% 33.2%
Operating cash flow growth (1Y) 91.1% 283.0% 113.2%
Operating cash flow CAGR (3Y) 92.4% – 64.9%
Free cash flow growth (1Y) 133.8% 185.9% 271.8%
Free cash flow CAGR (3Y) 91.1% 66.2% 286.1%

Profitability

14 metrics
MetricHLPAASSVM
Gross margin – 34.0% 62.3%
EBITDA margin 54.8% 10.2% 44.2%
Operating margin 45.2% 0.1% 34.2%
Pretax margin 44.6% 0.1% 58.7%
Net margin 21.0% 0.0% 21.2%
FCF margin 29.2% 44.2% 71.4%
Operating cash flow margin 43.3% 34.8% 71.8%
Return on equity 28.7% 0.0% 11.0%
Return on assets 24.1% 0.0% 8.3%
Return on invested capital 22.3% 0.0% 11.0%
Return on capital employed 26.6% 0.0% 11.4%
Asset turnover 0.6x 0.3x 0.3x
Cash conversion (OCF / net income) 2.1x 1.1x 4.0x
Stock comp / revenue 0.6% – 1.2%

Financial Health

11 metrics
MetricHLPAASSVM
Debt / assets 0.2% 0.0% 0.1%
Debt / equity 0.0x 0.0x 0.0x
Net debt / EBITDA -0.8x -4.3x -1.8x
Debt / FCF 0.0x 0.0x 0.0x
Liabilities / assets 16.0% 27.3% 25.8%
Equity / assets 84.0% 72.7% 74.2%
Interest coverage 56.2x 22.1x 12.5x
Current ratio 6.0x 14.1x 3.3x
Quick ratio 5.9x 2.3x 3.1x
Cash ratio 4.3x 2.1x 3.0x
Altman Z-score 12.50 5.15 3.79

Shareholder Returns

7 metrics
MetricHLPAASSVM
Dividend yield 0.0% 1.7% 0.2%
Net buyback yield 0.0% -2.8% -0.3%
Shareholder yield 0.1% -1.1% 0.0%
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.

ConsensusHLPAASSVM
Forward P/E 22.6xFY2026 12.7xFY2026 11.6xFY2026
EPS, next fiscal year $0.64FY2026 $3.18FY2026 $0.72FY2026
EPS growth, next FY +45.5%FY2026 +25.7%FY2026 +4.3%FY2026
EPS growth, the year after +40.6% +32.1% +80.6%
Revenue, next fiscal year $1.49BFY2026 $4.51BFY2026 $479.44MFY2026
Revenue growth, next FY +5.1%FY2026 +24.9%FY2026 +9.4%FY2026
Revenue growth, the year after -6.6% +12.8% +74.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHLPAASSVM
Held by institutions 72.1% 56.5% 55.1%
Institutions holding 586 586 186
Change in shares held, QoQ +0.4% -1.0% +2.1%
Institutions buying 312 268 93
Institutions selling 187 199 64
Buyers to sellers 1.67 1.35 1.45

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.

HLPAASSVM
HL 1.00 0.86 0.86
PAAS 0.86 1.00 0.85
SVM 0.86 0.85 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HL, PAAS and SVM?

Pan American Silver (PAAS) is the largest by market capitalisation: Hecla Mining (HL) $9.79B, Pan American Silver (PAAS) $15.47B, Silvercorp Metals (SVM) $1.88B.

Which stock is cheaper, HL, PAAS and SVM?

Silvercorp Metals (SVM) trades on the lowest price-to-earnings ratio (Hecla Mining (HL) 25.6x, Pan American Silver (PAAS) 9,850x, Silvercorp Metals (SVM) 18.3x). On next year's consensus earnings, Silvercorp Metals (SVM) is cheapest (Hecla Mining (HL) 22.6x, Pan American Silver (PAAS) 12.7x, Silvercorp Metals (SVM) 11.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hecla Mining (HL) grew revenue fastest over the trailing twelve months: Hecla Mining (HL) +84.1%, Pan American Silver (PAAS) +6.2%, Silvercorp Metals (SVM) +49.7%.

Which company is more profitable?

Silvercorp Metals (SVM) has the highest net margin (Hecla Mining (HL) 21.0%, Pan American Silver (PAAS) 0.0%, Silvercorp Metals (SVM) 21.2%). On return on invested capital, Hecla Mining (HL) leads (Hecla Mining (HL) 22.3%, Pan American Silver (PAAS) 0.0%, Silvercorp Metals (SVM) 11.0%).

Which stock has performed better?

Over the past year Silvercorp Metals (SVM) returned the most: Hecla Mining (HL) +19.2%, Pan American Silver (PAAS) +19.9%, Silvercorp Metals (SVM) +36.1%. Over five years, Hecla Mining (HL) compounded fastest (Hecla Mining (HL) +19.3%/yr, Pan American Silver (PAAS) +9.3%/yr, Silvercorp Metals (SVM) +13.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Hecla Mining (HL) 72.3%, Pan American Silver (PAAS) 58.8%, Silvercorp Metals (SVM) 71.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HL, PAAS and SVM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Silvercorp Metals (SVM) leads on 4. 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.