Hecla Mining Company (NYSE:HL)

CAPS Rating: 3 out of 5

The Company is engaged in the exploration and development of mineral properties, and the mining and processing of silver, gold, lead and zinc.


Player Avatar Yeti434 (< 20) Submitted: 3/8/2012 3:39:05 PM : Outperform Start Price: $4.81 HL Score: -13.10

With silver resources on the rise I think HL is a pretty good play into the mining sector. Consider this, silver resources now stand at 281million oz, and reserves are at 148million oz. Well, that means that, since there are 5,481,277 shares of HL out there, each share is worth about 51oz. of silver resources. On top of that, it pays a dividend, and a low P/E.Sure, this share is over twice as volatile as the S&P 500, but we are in it for the long haul, right? If you want something to produce cash for the next 5 years, and the effects of interest rate cuts across the world will keep commodity prices up, then I think HL is a good choice.

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