Sifting through countless of stocks in the Metals & Mining industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Hecla Mining Company or Pan American Silver Corp. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Hecla Mining Company and Pan American Silver Corp. compare based on key financial metrics to determine which better meets your investment needs.

About Hecla Mining Company and Pan American Silver Corp.

Hecla Mining Company, together with its subsidiaries, provides precious and base metals in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold. Its flagship project is the Greens Creek mine located on Admiralty Island in southeast Alaska. The company was incorporated in 1891 and is headquartered in Coeur d'Alene, Idaho.

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. It explores for silver, gold, zinc, lead, and copper deposits. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Latest Metals & Mining and Hecla Mining Company, Pan American Silver Corp. Stock News

As of February 4, 2026, Hecla Mining Company had a $15.5 billion market capitalization, compared to the Metals & Mining median of $2.3 million. Hecla Mining Company’s stock is up 20.4% in 2026, down 15% in the previous five trading days and up 301.22% in the past year.

Currently, Hecla Mining Company’s price-earnings ratio is 74.5. Hecla Mining Company’s trailing 12-month revenue is $1.2 billion with a 16.3% net profit margin. Year-over-year quarterly sales growth most recently was 67.1%. Analysts expect adjusted earnings to reach $0.413 per share for the current fiscal year. Hecla Mining Company currently has a 0.1% dividend yield.

As of February 4, 2026, Pan American Silver Corp. had a $24.3 billion market cap, putting it in the 88th percentile of all stocks. Pan American Silver Corp.’s stock is up 11% in 2026, down 12.8% in the previous five trading days and up 141.03% in the past year.

Currently, Pan American Silver Corp.’s price-earnings ratio is 33.2. Pan American Silver Corp.’s trailing 12-month revenue is $3.3 billion with a 19.5% net profit margin. Year-over-year quarterly sales growth most recently was 19.3%. Analysts expect adjusted earnings to reach $2.197 per share for the current fiscal year. Pan American Silver Corp. currently has a 1.0% dividend yield.

How We Compare Hecla Mining Company and Pan American Silver Corp. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Hecla Mining Company and Pan American Silver Corp.’s stock grades to see how they measure up against one another.

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Hecla Mining Company and Pan American Silver Corp. Stock Value Grades

Company	Ticker	Value
Hecla Mining Company	HL	F
Pan American Silver Corp.	PAAS	F

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Hecla Mining Company has a Value Score of 5, which is Ultra Expensive. Pan American Silver Corp. has a Value Score of 20, which is Ultra Expensive.

The Value Stock Winner: No Clear Winner

Neither Hecla Mining Company or Pan American Silver Corp. has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if Hecla Mining Company or Pan American Silver Corp. is the better investment when it comes to value.

Hecla Mining Company and Pan American Silver Corp.’s Momentum Grades

Company	Ticker	Momentum
Hecla Mining Company	HL	A
Pan American Silver Corp.	PAAS	A

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Hecla Mining Company has a Momentum Score of 98, which is Very Strong. Pan American Silver Corp. has a Momentum Score of 95, which is Very Strong.

The Momentum Grade Winner: It’s a Tie!

Looking at the Momentum Grade breakdown above, both Hecla Mining Company and Pan American Silver Corp. have a grade of A. For those who focus solely on a company’s momentum, further research will need to be conducted into both companies to see if they fit your individual needs as an investor.

Hecla Mining Company and Pan American Silver Corp.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Hecla Mining Company	HL	B
Pan American Silver Corp.	PAAS	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Hecla Mining Company has a Earnings Estimate Score of 76, which is Positive. Pan American Silver Corp. has a Earnings Estimate Score of 44, which is Neutral.

The Earnings Estimate Revisions Grade Winner: Hecla Mining Company

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Hecla Mining Company has a better Earnings Estimate Revisions Grade than Pan American Silver Corp.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Hecla Mining Company could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Hecla Mining Company and Pan American Silver Corp. Grades

In addition to Momentum, Value and Estimate Revisions, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Hecla Mining Company and Pan American Silver Corp. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Hecla Mining Company or Pan American Silver Corp. Stock?

Overall, Hecla Mining Company stock has a Value Score of 5, Momentum Score of 98 and Estimate Revisions Score of 76.

Pan American Silver Corp. stock has a Value Score of 20, Momentum Score of 95 and Estimate Revisions Score of 44.

Comparing Hecla Mining Company and Pan American Silver Corp.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.