HL vs PAAS vs VZLA Stock Comparison

Hecla Mining, Pan American Silver and Vizsla Silver Prices as of Oct 29, 2026 Peers: Industry group
HL Hecla Mining Co/De/
$14.45 -15.8% 1M +15.3% 1Y
Market cap
$9.02B
P/E
27.0x
Revenue (TTM)
$1.60B
Div. yield
–
Silver Basic Materials
6 wins
VZLA Vizsla Silver Corp.
$3.31 -14.2% 1M -20.6% 1Y
Market cap
$1.04B
P/E
–
Revenue (TTM)
—
Div. yield
–
Silver Basic Materials

Head to Head

11 decided of 12

Hecla Mining leads on 6 of the 12 questions below (Hecla Mining 6, Pan American Silver 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHLPAASVZLALeader
Larger companyMarket capitalisation $9.02B $14.34B $1.04B PAAS
Cheaper on earningsLower P/E, profitable companies only 27.0x 46.3x -7.7x HL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.6x 12.8x — PAAS
Faster revenue growthRevenue growth, trailing twelve months +74.4% +2.3% — HL
More profitableNet margin, trailing twelve months 20.8% 9.7% — HL
Better return on capitalReturn on invested capital 19.9% 0.0% — HL
Less leveragedLower net debt / EBITDA -0.5x -4.4x 0.5x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +15.3% +16.1% -20.6% PAAS
Better 5-year returnAnnualised price return, 5 years +20.1%/yr +9.7%/yr — HL
Less volatileAnnualised volatility, 1 year 71.1% 57.9% 68.2% PAAS
Higher overall scoreMean of the five percentile scores vs peers 74/100 67/100 35/100 HL

Percentile Scorecard

HLPAASVZLA

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

AxisHLPAASVZLA
Valuation 59 #67 of 163 57 #71 of 163 36 #105 of 163
Growth 98 #4 of 148 74 #39 of 148 16 #124 of 148
Profitability 93 #10 of 123 52 #60 of 123 25 #93 of 123
Financial Health 88 #20 of 164 85 #25 of 164 51 #81 of 164
Shareholder Returns 33 #73 of 108 69 #34 of 108 50 #55 of 108
Overall 74 67 35
  • HL ranked among 176 companies in Metals and Mining
  • PAAS ranked among 176 companies in Metals and Mining
  • VZLA 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

PeriodHLPAASVZLASPY
1 month -15.8%-11.7%-14.2% +0.7%
3 months -3.3%-7.5%+1.8% +3.7%
6 months -19.8%-22.1%-2.1% +7.1%
Year to date -24.7%-21.4%-39.5% +12.8%
1 year +15.3%+16.1%-20.6% +11.9%
3 years +244.0%+172.3%+203.7% +85.2%
3 years, per year +51.0%+39.7%+44.8% +22.8%
5 years +150.0%+59.1%— +67.6%
5 years, per year +20.1%+9.7%— +10.9%
10 years +148.7%+164.0%— +262.0%
10 years, per year +9.5%+10.2%— +13.7%

Risk

MeasureHLPAASVZLASPY
Volatility, 1Y 71.1%57.9%68.2% 12.7%
Downside volatility, 1Y 70.2%60.2%75.6% 12.6%
Beta vs S&P 500, 1Y 2.642.072.56 1.00
Return / volatility, 1Y 0.220.28-0.30 0.94
Max drawdown, 5Y -56.5%-59.2%-59.2% -25.4%
From 52-week high -54.6%-40.7%-51.7% -1.2%
52-week high $31.81$68.70$6.86 $779.14
52-week low $11.97$33.20$2.95 $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.

MultipleHLPAASVZLA
P/E now vs peer median 29.1xmedian 13.2x 50.2xmedian 13.2x -8.4xmedian 13.2x
P/S now vs peer median 6.1xmedian 3.1x 5.4xmedian 3.1x —median 3.1x
EV/EBITDA now vs peer median 10.1xmedian 7.2x 43.9xmedian 7.2x -4.3xmedian 7.2x
P/FCF now vs peer median 20.1xmedian 15.2x 15.3xmedian 15.2x 61.4xmedian 15.2x
P/B now vs peer median 3.6xmedian 2.2x 2.3xmedian 2.2x 2.8xmedian 2.2x
PEG now vs peer median 0.28median 0.30 1.14median 0.30 0.13median 0.30

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 monthsHLPAASVZLA
Revenue $1.60B $3.19B –
Gross profit – $882.07M –
Operating income $737.49M $1.90M –
Net income $333.98M $930.65M -$134.20M
Free cash flow $483.99M $1.12B $18.91M
R&D $30.73M – $1.36M
EPS (diluted) $0.49 $0.81 $-0.40
Cash & equivalents $483.48M $1.57B $406.50M
Total debt $7.56M $3.00M $4.44B
Shares (diluted) 675.89M 381.58M 338.89M
Enterprise value $7.49B $9.19B -$443.08M

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
MetricHLPAASVZLA
P/E 29.1x 50.2x -8.4x
P/FCF 20.1x 15.3x 61.4x
P/Operating cash flow 13.2x 15.4x -75.0x
P/S 6.1x 5.4x –
P/B 3.6x 2.3x 2.8x
P/Tangible book 3.6x 2.3x 2.8x
EV/EBITDA 10.1x 43.9x -4.3x
EV/EBIT 12.5x 8,215x -4.3x
EV/Revenue 5.8x 4.9x –
EV/FCF 19.1x 13.9x 55.0x
EV/Operating cash flow 12.6x 14.0x -67.2x
PEG (3Y EPS CAGR) 0.28 1.14 0.13

Growth

14 metrics
MetricHLPAASVZLA
Revenue growth (1Y) 74.4% 2.3% –
Revenue CAGR (3Y) 30.6% 22.3% –
Gross profit growth (1Y) – -0.3% –
Gross profit CAGR (3Y) – 104.0% –
Operating income growth (1Y) 344.3% 116.1% –
Operating income CAGR (3Y) 217.6% 127.1% –
Net income growth (1Y) 233.1% 123.6% -1,584%
Net income CAGR (3Y) 109.0% 75.4% -103.6%
EPS growth (1Y) 216.5% -57.1% -955.5%
EPS CAGR (3Y) 102.4% 44.1% -62.9%
Operating cash flow growth (1Y) 129.4% 74.4% -43.8%
Operating cash flow CAGR (3Y) 112.8% – -16.8%
Free cash flow growth (1Y) 293.4% 66.2% 159.0%
Free cash flow CAGR (3Y) 81.0% 56.4% 25.1%

Profitability

14 metrics
MetricHLPAASVZLA
Gross margin – 27.7% –
EBITDA margin 56.9% 11.1% –
Operating margin 46.0% 0.1% –
Pretax margin 43.4% 0.1% –
Net margin 20.8% 9.7% –
FCF margin 30.2% 35.1% –
Operating cash flow margin 45.8% 35.1% –
Return on equity 26.7% 0.0% -29.9%
Return on assets 21.4% 0.0% -17.6%
Return on invested capital 19.9% 0.0% –
Return on capital employed 23.5% 0.0% -33.5%
Asset turnover 0.5x 0.3x –
Cash conversion (OCF / net income) 2.2x 1.2x 0.1x
Stock comp / revenue 0.7% – –

Financial Health

11 metrics
MetricHLPAASVZLA
Debt / assets 0.2% 0.0% 40.3%
Debt / equity 0.0x 0.0x 0.7x
Net debt / EBITDA -0.5x -4.4x 0.5x
Debt / FCF 0.0x 0.0x 15.3x
Liabilities / assets 15.9% 27.5% 41.2%
Equity / assets 84.1% 72.5% 58.8%
Interest coverage 27.3x 21.3x –
Current ratio 5.2x 14.1x 55.2x
Quick ratio 5.0x 2.5x 54.7x
Cash ratio 3.3x 2.2x 54.7x
Altman Z-score 12.94 5.10 –

Shareholder Returns

7 metrics
MetricHLPAASVZLA
Dividend yield 0.0% 1.7% –
Net buyback yield -0.4% -1.5% -1.0%
Shareholder yield -0.4% 0.2% -1.0%
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.

ConsensusHLPAASVZLA
Forward P/E 22.6xFY2026 12.8xFY2026 –
EPS, next fiscal year $0.64FY2026 $3.18FY2026 –
EPS growth, next FY +45.5%FY2026 +25.7%FY2026 –
EPS growth, the year after +40.6% +32.1% –
Revenue, next fiscal year $1.49BFY2026 $4.51BFY2026 –
Revenue growth, next FY +5.1%FY2026 +24.9%FY2026 –
Revenue growth, the year after -7.2% +12.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHLPAASVZLA
Held by institutions 72.1% 56.5% 54.7%
Institutions holding 585 585 162
Change in shares held, QoQ +0.4% -1.0% -3.7%
Institutions buying 313 269 80
Institutions selling 187 199 45
Buyers to sellers 1.67 1.35 1.78

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.

HLPAASVZLA
HL 1.00 0.85 0.73
PAAS 0.85 1.00 0.76
VZLA 0.73 0.76 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HL, PAAS and VZLA?

Pan American Silver (PAAS) is the largest by market capitalisation: Hecla Mining (HL) $9.02B, Pan American Silver (PAAS) $14.34B, Vizsla Silver (VZLA) $1.04B.

Which stock is cheaper, HL, PAAS and VZLA?

Hecla Mining (HL) trades on the lowest price-to-earnings ratio (Hecla Mining (HL) 27.0x, Pan American Silver (PAAS) 46.3x, Vizsla Silver (VZLA) -7.7x). On next year's consensus earnings, Pan American Silver (PAAS) is cheapest (Hecla Mining (HL) 22.6x, Pan American Silver (PAAS) 12.8x). 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) +74.4%, Pan American Silver (PAAS) +2.3%.

Which company is more profitable?

Hecla Mining (HL) has the highest net margin (Hecla Mining (HL) 20.8%, Pan American Silver (PAAS) 9.7%). On return on invested capital, Hecla Mining (HL) leads (Hecla Mining (HL) 19.9%, Pan American Silver (PAAS) 0.0%).

Which stock has performed better?

Over the past year Pan American Silver (PAAS) returned the most: Hecla Mining (HL) +15.3%, Pan American Silver (PAAS) +16.1%, Vizsla Silver (VZLA) -20.6%. Over five years, Hecla Mining (HL) compounded fastest (Hecla Mining (HL) +20.1%/yr, Pan American Silver (PAAS) +9.7%/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) 71.1%, Pan American Silver (PAAS) 57.9%, Vizsla Silver (VZLA) 68.2%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hecla Mining (HL) 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.