Wall Street Zen Downgrades Hecla Mining to Buy

Analysts cut rating from 'strong-buy' to 'buy' in latest research note.

Mar. 29, 2026 at 5:22am

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Hecla Mining (NYSE:HL) was downgraded by research analysts at Wall Street Zen from a 'strong-buy' rating to a 'buy' rating in a research report issued on Sunday. The company's stock has seen significant volatility in recent months as precious metal prices have fluctuated.

Why it matters

Hecla Mining is one of the largest primary silver producers in the United States, so changes to its analyst ratings can impact investor sentiment and the company's stock price. This downgrade comes as the mining industry faces ongoing challenges related to supply chain issues, labor shortages, and commodity price swings.

The details

Wall Street Zen cited a number of factors in their decision to downgrade Hecla Mining, including concerns over the company's production costs and profit margins. Several other brokerages have also recently weighed in on Hecla, with mixed ratings and price targets.

  • The research note from Wall Street Zen was published on Sunday, March 29, 2026.

The players

Hecla Mining

A diversified mining company focused on the exploration, development and production of silver, gold, lead and zinc, with operations in North America and Latin America.

Wall Street Zen

A research firm that provides investment analysis and recommendations to institutional and individual investors.

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What’s next

Investors will be closely watching Hecla Mining's upcoming quarterly earnings report to see if the company is able to maintain profitability amid the current industry challenges.

The takeaway

This downgrade highlights the volatility and uncertainty facing the mining sector, as companies like Hecla navigate a complex operating environment of supply chain disruptions, labor shortages, and fluctuating commodity prices.