From Seekingalpha · Sidharth Kumar · · 30s
Hecla Mining: Silver Play
Hecla Mining's silver value waits for price surge or resource conversion.
In brief
Hecla Mining's silver value waits for price surge or resource conversion. Hecla Mining trades at a premium P/NAV requiring silver >$65 for upside. Originally reported by Seekingalpha.
Hecla Mining Overview
Hecla Mining is the largest US/Canada silver producer with three operating mines.
Recent Strategy Shift
Hecla sold Casa Berardi to become a near-pure silver play.
Financial Position
HL trades at 1.47x P/NAV requiring silver >$65 for upside.
Investment Advice
Buy HL below $12.50 or on sustained silver rally for optionality.
The short version
Hecla Mining trades at a premium P/NAV requiring silver >$65 for upside.
