8 Low Priced Stocks to Buy with Huge Upside Potential

7. Hecla Mining Company (NYSE:HL)

Average Upside Potential: 35.51%

Hecla Mining Company (NYSE:HL) is one of the low-priced stocks to buy with huge upside potential. On April 9, Hecla Mining completed the full redemption of its remaining $263 million in 7.25% Senior Notes due 2028. This move effectively retires the company’s senior debt obligations and achieves an unencumbered balance sheet. The redemption was funded through cash on hand, combined with proceeds from the recently finalized sale of the Casa Berardi mine.

This transaction marks a significant milestone in Hecla’s long-term balance sheet transformation, providing the company with total capital flexibility. By eliminating these debt obligations, Hecla has positioned itself to pursue growth initiatives with greater financial optionality. Management noted that this strengthened position allows the company to better maximize the value of its silver portfolio.

President and CEO Rob Krcmarov described the debt retirement as a strategic inflection point that establishes a foundation of genuine financial strength. The company intends to use this newfound flexibility to invest in growth with discipline, particularly as silver continues to play a critical role in the global economy. With the redemption complete, Hecla Mining Company (NYSE:HL) is now debt-free and focused on its world-class asset base.

Hecla Mining Company (NYSE:HL) is the largest primary silver producer in the US and Canada, also producing gold, lead, and zinc. It operates mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Canada (Casa Berardi, Keno Hill), focusing on exploration and sustainable mining.