Higher Silver Propels Hecla Mining (HL) Stock By 21.98%

We recently published a list of 15 Stocks That Stole The Show Last Week. In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against other best stocks that stole the show last week.

Hecla Mining surged by 21.98 percent week-on-week, as traders flocked to silver miners last week, primarily driven by the metal’s surge to a new all-time high.

Last Thursday, silver futures rose as high as $36.27 per troy ounce, notching its highest price so far since 2012 as investors sought refuge from safer assets such as gold and silver amid the ongoing trade tensions globally.

Silver’s record high boosted mining stocks, including Hecla Mining Company (NYSE:HL)—one of the oldest silver miners with operations in the US, Canada, and Mexico.

In the first quarter of the year, the company swung to a net income of $28.7 million from a net loss of $5.89 million in the same period last year.

Aerial view of a gold mine, with its winding roads and pits.

Sales amounted to $261 million, higher by 38 percent than the $189 million in the same period last year, reflecting higher realized prices for precious metals, which were partially offset by lower silver, gold and zinc sales volumes.

Overall, HL ranks 10th on our list of best stocks that stole the show last week. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.