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 has given his Buy rating due to a combination of factors such as Hecla Mining’s strong financial performance and strategic initiatives. In 2024, the company reported significant revenue growth, with a 29% year-over-year increase, primarily driven by higher metal prices and increased sales volumes of silver, lead, and zinc. The resumption of operations at Lucky Friday contributed to this growth. Furthermore, Hecla’s net income turned positive, and the company successfully improved its net leverage ratio, indicative of effective deleveraging efforts.
Looking ahead, Hecla’s 2025 production outlook suggests continued robust performance. The company projects silver equivalent production of 35.5 to 39.0 million ounces, with low cash costs and all-in sustaining costs that indicate efficient operations. Additionally, planned capital investments and exploration activities are expected to bolster future growth, focusing on key sites such as Greens Creek, Lucky Friday, and Keno Hill. These strategic moves position Hecla well for sustained success, supporting the Buy rating recommendation.
In another report released on February 10, RBC Capital also maintained a Buy rating on the stock with a $8.00 price target.