Hecla lets you profit from silver’s positive outlook

Article Excerpt

Like most silver stocks, Hecla Mining is heavily influenced by silver prices. But we think the direction of silver prices—and for Hecla shares—is upward. That’s in part because global demand for silver, used in solar panels, electric vehicles and other key green technologies continues to rise. HECLA MINING, $6.17, is a buy. The company (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares outstanding: 626.3 million; Market cap: $3.9 billion; Dividend yield: 0.2%) explores for, mines and processes silver and gold in the U.S., Canada and Mexico. Most of Hecla’s silver output comes from three sites: the Greens Creek mine in Alaska; the Lucky Friday project in Idaho; and the Keno Hill mine in the Yukon. It also owns the Casa Berardi gold mine in Quebec as well as four previously producing gold mines in Nevada— Fire Creek, Hollister, Midas and Aurora. In the three months ended June 30, 2024, Hecla produced 4.5 million ounces of silver. That was up 16.3%. Revenue gained 37.9%, to $245.7…