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Stockchase Opinions

Jim Cramer - Mad MoneyHecla Mining CoHLWEAK BUYJun 05, 2024

He's not bullish silver, but HL will get the job done. Not great but not bad.

$5.54

Stock price when the opinion was issued

$16.39

As of Jun 15, 2026. Market Open.

precious metals
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BUY

He bought before earnings last week which beat. Shares jumped 7%. The froth was leaving markets in late January. But HECLA is volatile. Expect better cash flow as metals pricing rise.

RISKY

A good name, but risky at the moment after the huge runup. Will maintain its high valuation.

COMMENT

His favourite in silver which has seen a monstrous pop. He doesn't have an alternate recommendation in silver. He recommended this earlier this year. He expects previous metals to go higher than lower. Eventually, these stocks will correct hard out of fear of an economic downturn, probably not in 2026.

TRADE

A go-to name in silver, that many hedge funds like. But the chart's past 5 years have done nothing, a range-trader with some growth. Not a long-term stock, but a commodity trade. It has a little more room to rise, but only to $8.50. He wants to sell it again now.

DON'T BUY

Not his preferred stock among mines. Prefers Agnico Eagle.

WEAK BUY

Traditionally, has torque to the silver price. Silver generally has a run after gold has had a run, though he's not saying that a rise in the price of silver is imminent. But if you do see its price rise, then this stock should too. Ongoing production difficulties in the Lucky Friday mine. He wouldn't be opposed to someone taking a position.

PARTIAL BUY

He likes gold and this gold stock, but prefers a mutual fund in gold.

BUY

A good management team. It is a good, high quality, original mine. They had problems with the shaft and had to shut it down. He sold because he was overweight silver. It is a high quality company. It will recover well with the silver price. It is his favourite of the three.

COMMENT

One of the biggest mining companies with very low cost of production. However, he doesn’t like the management. This company’s target is $3 US. If you are looking for silver exposure and a rebound, it is not a bad choice.

HOLD

(Market Call Minute.)

PAST TOP PICK
(A Top Pick July 28/11. Down 41.77%.) Great assets but had a death in one of their mines last year so it is closed for about a year for maintenance and safety precautions. Sold his holdings but will probably revisit in the future.
HOLD
This is a play on silver and zinc. Doesn't see tremendous upside in the name. He is a little less bullish on silver versus gold. Both silver and gold have been suffering because the costs have been escalating as fast as the commodity.
TOP PICK
Silver with all their production in the US. 10 million ounces and trading at about 7X cash flow. Feels that silver is going north of $100 an ounce.
BUY
Silver. Good management. Has gotten out of their Venezuelan gold exposure and are really focused on silver. Looking particularly interesting at this point.