Wainwright Remains Bullish on Hecla Mining (HL); Company to Focus on High-Return projects, Deleveraging

Hecla Mining Company (NYSE:HL) is one of the best precious metals stocks to buy now. On September 16, H.C. Wainwright analyst Heiko Ihle reaffirmed a Buy rating on the stock with an unchanged price target of $12.50. This update followed the company’s presentation at the Gold Forum Americas 2025 conference in Colorado. The management highlighted that the company currently trades at an enterprise value of approximately 2.70 times per silver equivalent ounce, which is the lowest among its peers. Photo by suradeach saetang on Unsplash The management also argued that they are focusing on allocating capital towards high-return projects, which can unlock substantial value through asset revaluation. The company is making significant efforts to deleverage, with a net leverage ratio (net debt to adj. EBITDA) decreasing to 0.7x in Q2 2025 compared to 1.5x over the last twelve months. Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States and Canada, with exposure to gold, lead, and zinc. It also owns several exploration and pre-development projects in silver and gold mining districts throughout North America. While we acknowledge the potential of HL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Performing Data Center Stocks to Buy Now and 11 Best Low-Priced Technology Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.