BMO Capital analyst Kevin O’Halloran maintained a Buy rating on Hecla Mining Company (HL – Research Report) on February 14 and set a price target of $7.50.
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Kevin O’Halloran has given his Buy rating due to a combination of factors that reflect positively on Hecla Mining Company’s operational and financial outlook. The company’s silver production in the fourth quarter closely matched expectations, and its All-In Sustaining Cost (AISC) for silver showed a quarter-over-quarter improvement. This positive trend in production efficiency is expected to continue, with 2025 silver production guidance aligning with previous forecasts, providing a stable outlook for investors.
Furthermore, Hecla’s strategic positioning as a low-cost silver producer, especially at its Greens Creek operation, and its presence in favorable mining jurisdictions contribute to its competitive advantage. The anticipated ramp-up of production at Keno Hill and the potential for improved leverage ratios suggest that Hecla shares could be revalued at higher multiples. These factors, combined with near-record silver reserves, provide a foundation for future growth and justify the Buy rating.
According to TipRanks, O’Halloran is a 5-star analyst with an average return of 24.7% and an 82.56% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Endeavour Silver, and Fortuna Silver Mines.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $6.50 price target.