In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Hecla Mining Company (HL – Research Report), with a price target of $11.50.
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Heiko Ihle’s rating is based on Hecla Mining Company’s strong financial performance and operational efficiency. The company reported significant sales and net income growth in 1Q25 compared to the previous year, driven by favorable metal pricing and increased production efficiency. Notably, Hecla achieved a substantial rise in gross profit, supported by record milling at Lucky Friday and improved silver production at Keno Hill.
Furthermore, the revised cash cost guidance reflects Hecla’s ability to manage costs effectively, despite some increases in expenses at certain sites. The company’s valuation remains robust, with a discounted cash flow analysis supporting a price target of $11.50 per share. This valuation considers a consistent discount rate and multiples that align with industry standards, reinforcing the Buy rating due to Hecla’s promising financial outlook and operational strengths.
Ihle covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Hecla Mining Company, and MAG Silver. According to TipRanks, Ihle has an average return of 10.6% and a 50.71% success rate on recommended stocks.