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.

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

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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 to grow, 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 AI stock that is more promising than HL and that has 100x upside potential, check out our report about this cheapest AI stock.

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