Hecla Mining (HL): Is the Recent Momentum Run Overvaluing the Stock?

Hecla Mining's stock has risen 36% in the past month and 233% year-to-date, outperforming peers in the precious metals sector. However, the stock is now trading above consensus price targets, and investors must consider whether the rally is ahead of fundamentals or offers meaningful upside as metals momentum builds. The company's disciplined production ramp-up at Keno Hill and high-return economics set the stage for steady long-term free cash flow and earnings growth, but permit setbacks or rising regulatory costs could impact this narrative.