HL vs SCCO vs PAAS Stock Comparison

Hecla Mining, Southern Copper and Pan American Silver Prices as of Nov 3, 2026 Peers: Industry group
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HL Hecla Mining Co/De/
$13.21 -23.2% 1M +3.5% 1Y
Market cap
$10.08B
P/E
30.2x
Revenue (TTM)
$1.60B
Div. yield
–
Silver Basic Materials
3 wins
SCCO Southern Copper Corp/
$173.44 -15.6% 1M +28.8% 1Y
Market cap
$146.22B
P/E
23.0x
Revenue (TTM)
$17.11B
Div. yield
0.02%
Copper Basic Materials
6 wins

Head to Head

11 decided of 12

Southern Copper leads on 6 of the 12 questions below (Southern Copper 6, Hecla Mining 3, Pan American Silver 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHLSCCOPAASLeader
Larger companyMarket capitalisation $10.08B $146.22B $15.78B SCCO
Cheaper on earningsLower P/E, profitable companies only 30.2x 23.0x 11,423x SCCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.6x 23.1x 12.0x PAAS
Faster revenue growthRevenue growth, trailing twelve months +74.4% +38.7% +2.3% HL
More profitableNet margin, trailing twelve months 20.8% 37.2% 0.0% SCCO
Better return on capitalReturn on invested capital 19.9% — 0.0% HL
Less leveragedLower net debt / EBITDA -0.5x 0.0x -4.4x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +3.5% +28.8% +10.5% SCCO
Better 5-year returnAnnualised price return, 5 years +18.3%/yr +26.0%/yr +8.8%/yr SCCO
Less volatileAnnualised volatility, 1 year 71.4% 52.8% 58.4% SCCO
Higher overall scoreMean of the five percentile scores vs peers 75/100 64/100 66/100 HL

Percentile Scorecard

HLSCCOPAAS

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

AxisHLSCCOPAAS
Valuation 62 #65 of 168 46 #91 of 168 55 #77 of 168
Growth 98 #4 of 152 72 #44 of 152 78 #35 of 152
Profitability 93 #10 of 124 98 #4 of 124 47 #66 of 124
Financial Health 89 #20 of 166 48 #87 of 166 86 #25 of 166
Shareholder Returns 34 #76 of 115 59 #48 of 115 68 #38 of 115
Overall 75 64 66
  • HL ranked among 177 companies in Metals and Mining
  • SCCO ranked among 177 companies in Metals and Mining
  • PAAS 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

PeriodHLSCCOPAASSPY
1 month -23.2%-15.6%-15.8% -2.0%
3 months -14.3%-11.1%-14.7% -2.2%
6 months -22.5%+2.4%-24.2% +4.2%
Year to date -31.2%+23.1%-26.1% +10.6%
1 year +3.5%+28.8%+10.5% +10.4%
3 years +204.4%+152.0%+149.7% +73.6%
3 years, per year +45.0%+36.1%+35.7% +20.2%
5 years +131.8%+217.6%+52.4% +61.6%
5 years, per year +18.3%+26.0%+8.8% +10.1%
10 years +110.0%+599.2%+132.3% +261.3%
10 years, per year +7.7%+21.5%+8.8% +13.7%

Risk

MeasureHLSCCOPAASSPY
Volatility, 1Y 71.4%52.8%58.4% 12.8%
Downside volatility, 1Y 70.9%54.2%61.1% 12.8%
Beta vs S&P 500, 1Y 2.702.422.13 1.00
Return / volatility, 1Y 0.050.550.18 0.81
Max drawdown, 5Y -58.5%-45.2%-59.2% -25.4%
From 52-week high -58.5%-21.1%-44.2% -3.2%
52-week high $31.81$219.70$68.70 $779.14
52-week low $11.97$117.83$33.20 $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.

MultipleHLSCCOPAAS
P/E now vs peer median 26.6xmedian 12.4x 22.6xmedian 12.4x 10,578xmedian 12.4x
P/S now vs peer median 5.5xmedian 2.9x 8.6xmedian 2.9x 5.1xmedian 2.9x
EV/EBITDA now vs peer median 9.2xmedian 7.2x 13.4xmedian 7.2x 41.1xmedian 7.2x
P/FCF now vs peer median 18.3xmedian 14.8x 26.2xmedian 14.8x 14.4xmedian 14.8x
P/B now vs peer median 3.3xmedian 2.1x 10.8xmedian 2.1x 2.2xmedian 2.1x
PEG now vs peer median 0.26median 0.26 0.80median 0.26 405.52median 0.26

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 monthsHLSCCOPAAS
Revenue $1.60B $17.11B $3.19B
Gross profit – $11.15B $882.07M
Operating income $737.49M $10.03B $1.90M
Net income $333.98M $6.38B $931.18M
Free cash flow $483.99M $5.60B $1.12B
R&D $30.73M $58.60M –
EPS (diluted) $0.49 $7.67 $0.00
Cash & equivalents $483.48M $4.82B $1.57B
Total debt $7.56M $8.00B $3.00M
Shares (diluted) 675.89M 829.10M 381.58M
Enterprise value $8.55B $120.95B $10.64B

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
MetricHLSCCOPAAS
P/E 26.6x 22.6x 10,578x
P/FCF 18.3x 26.2x 14.4x
P/Operating cash flow 12.1x 19.8x 19.6x
P/S 5.5x 8.6x 5.1x
P/B 3.3x 10.8x 2.2x
P/Tangible book 3.3x 10.8x 2.2x
EV/EBITDA 9.2x 13.4x 41.1x
EV/EBIT 11.4x 14.6x 7,676x
EV/Revenue 5.2x 8.6x 4.6x
EV/FCF 17.3x 26.1x 13.0x
EV/Operating cash flow 11.4x 19.8x 17.7x
PEG (3Y EPS CAGR) 0.26 0.80 405.52

Growth

14 metrics
MetricHLSCCOPAAS
Revenue growth (1Y) 74.4% 38.7% 2.3%
Revenue CAGR (3Y) 30.6% 18.0% 22.3%
Gross profit growth (1Y) – 54.1% -0.3%
Gross profit CAGR (3Y) – 25.1% 113.6%
Operating income growth (1Y) 344.3% 61.8% 116.1%
Operating income CAGR (3Y) 217.6% 28.8% 127.1%
Net income growth (1Y) 233.1% 66.3% 123.7%
Net income CAGR (3Y) 109.0% 30.1% 60.1%
EPS growth (1Y) 216.5% 65.1% -99.8%
EPS CAGR (3Y) 102.4% 28.1% 26.1%
Operating cash flow growth (1Y) 129.4% 60.3% 50,145%
Operating cash flow CAGR (3Y) 112.8% 21.6% –
Free cash flow growth (1Y) 293.4% 60.9% 448.7%
Free cash flow CAGR (3Y) 81.0% 22.2% 56.4%

Profitability

14 metrics
MetricHLSCCOPAAS
Gross margin – 65.2% 27.7%
EBITDA margin 56.9% 64.0% 11.1%
Operating margin 46.0% 58.6% 0.1%
Pretax margin 43.4% 57.6% 0.1%
Net margin 20.8% 37.2% 0.0%
FCF margin 30.2% 32.7% 35.2%
Operating cash flow margin 45.8% 43.3% 25.9%
Return on equity 26.7% 48.5% 0.0%
Return on assets 21.4% 25.6% 0.0%
Return on invested capital 19.9% – 0.0%
Return on capital employed 23.5% 45.3% 0.0%
Asset turnover 0.5x 0.7x 0.3x
Cash conversion (OCF / net income) 2.2x 1.2x 0.9x
Stock comp / revenue 0.7% – –

Financial Health

11 metrics
MetricHLSCCOPAAS
Debt / assets 0.2% 31.2% 0.0%
Debt / equity 0.0x 0.6x 0.0x
Net debt / EBITDA -0.5x 0.0x -4.4x
Debt / FCF 0.0x 1.4x 0.0x
Liabilities / assets 15.9% 46.9% 27.5%
Equity / assets 84.1% 53.1% 72.5%
Interest coverage 27.3x – 21.3x
Current ratio 5.2x 4.3x 14.1x
Quick ratio 5.0x 3.8x 2.5x
Cash ratio 3.3x 2.9x 2.2x
Altman Z-score 11.96 9.91 4.88

Shareholder Returns

7 metrics
MetricHLSCCOPAAS
Dividend yield 0.0% 2.5% 1.8%
Net buyback yield -0.4% – -1.6%
Shareholder yield -0.4% 2.5% 0.2%
Payout ratio (earnings) – 51.7% –
Payout ratio (FCF) – 58.8% –
Dividend growth (1Y) – 43.0% –
Dividend CAGR (3Y) – 6.8% –

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.

ConsensusHLSCCOPAAS
Forward P/E 20.6xFY2026 23.1xFY2026 12.0xFY2026
EPS, next fiscal year $0.64FY2026 $7.51FY2026 $3.18FY2026
EPS growth, next FY +45.5%FY2026 +47.8%FY2026 +25.7%FY2026
EPS growth, the year after +40.6% +7.1% +32.1%
Revenue, next fiscal year $1.49BFY2026 $16.86BFY2026 $4.51BFY2026
Revenue growth, next FY +5.1%FY2026 +25.6%FY2026 +24.9%FY2026
Revenue growth, the year after -7.2% +3.9% +12.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHLSCCOPAAS
Held by institutions 72.1% 9.2% 56.5%
Institutions holding 586 859 586
Change in shares held, QoQ +0.4% +0.7% -1.0%
Institutions buying 313 601 269
Institutions selling 187 220 199
Buyers to sellers 1.67 2.73 1.35

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.

HLSCCOPAAS
HL 1.00 0.64 0.85
SCCO 0.64 1.00 0.67
PAAS 0.85 0.67 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, HL, SCCO and PAAS?

Southern Copper (SCCO) is the largest by market capitalisation: Hecla Mining (HL) $10.08B, Southern Copper (SCCO) $146.22B, Pan American Silver (PAAS) $15.78B.

Which stock is cheaper, HL, SCCO and PAAS?

Southern Copper (SCCO) trades on the lowest price-to-earnings ratio (Hecla Mining (HL) 30.2x, Southern Copper (SCCO) 23.0x, Pan American Silver (PAAS) 11,423x). On next year's consensus earnings, Pan American Silver (PAAS) is cheapest (Hecla Mining (HL) 20.6x, Southern Copper (SCCO) 23.1x, Pan American Silver (PAAS) 12.0x). 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%, Southern Copper (SCCO) +38.7%, Pan American Silver (PAAS) +2.3%.

Which company is more profitable?

Southern Copper (SCCO) has the highest net margin (Hecla Mining (HL) 20.8%, Southern Copper (SCCO) 37.2%, Pan American Silver (PAAS) 0.0%). 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 Southern Copper (SCCO) returned the most: Hecla Mining (HL) +3.5%, Southern Copper (SCCO) +28.8%, Pan American Silver (PAAS) +10.5%. Over five years, Southern Copper (SCCO) compounded fastest (Hecla Mining (HL) +18.3%/yr, Southern Copper (SCCO) +26.0%/yr, Pan American Silver (PAAS) +8.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hecla Mining (HL) 0.00%, Southern Copper (SCCO) 0.02%, Pan American Silver (PAAS) 0.00%. Hecla Mining (HL) and Pan American Silver (PAAS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Southern Copper (SCCO) has been the steadiest (Hecla Mining (HL) 71.4%, Southern Copper (SCCO) 52.8%, Pan American Silver (PAAS) 58.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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