Hecla is our top silver pick

Article Excerpt

HECLA MINING, $6.61, is a buy. The company (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares o/s: 538.4 million; Market cap: $3.6 billion; Divd yield: 0.2%) produced 3.2 million ounces of silver in the quarter ended December 31, 2021—down 3.7% from 3.5 million a year earlier. Temporary labour shortages at its Greens Creek mine are to blame. Revenue in the quarter fell 2.0%, to $185.1 million from $188.9 million a year earlier, mostly due to the lower silver output. However, it made $11.7 million, or $0.02 a share, up sharply from $3.0 million, or $0.01. That’s because Hecla was able to successfully cut costs. Hecla Mining is still a buy. buy…