This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

How to Buy Silver Stocks

Stocks in this article: SIL SLW

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Hecla Mining (HL) represents 5.78% of SIL, or 2 million shares worth $21.6 million.

Company Profile

Hecla Mining is one of the lowest-cost silver producers in the world. In the third quarter, the company produced 2.7 million ounces of silver at a negative cash cost of $1.01 an ounce, helped by byproduct credits.

Hecla has two working silver mines: Greens Creek in Alaska and Lucky Friday in Idaho, which produced 1.9 million and 0.8 million ounces of silver, respectively, in the third quarter. Hecla also has two development projects in Colorado and Mexico.

The company expects to produce 10 million to 11 million ounces of silver in 2010 with a total cash cost of negative 50 cents.

Income Statement

In the third quarter, Hecla Mining earned $19.79 million, or 6 cents a share. Net sales grew 21% from a year earlier to $115.85 million.

Balance Sheet

As of the third quarter, Hecla Mining had $216.58 million in cash and cash equivalents and $5.9 million in long-term debt, down 86% from a year earlier.

Its net cash from operating activities was $41.9 million, up 30% from the same period a year earlier.

TheStreet Ratings has a buy rating on the stock and says the company is very liquid and is unlikely to face financial difficulties over the short term.

Analyst Ratings

Hecla Mining currently has three buy ratings, seven holds and one sell with an average price target of $10.72. The stock trades at a premium to its peers with a P/E ratio of 38.38. Shares returned 84.3% in 2010.

5 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,618.62 +261.75 1.51%
S&P 500 2,043.63 +30.74 1.53%
NASDAQ 4,719.1310 +74.8190 1.61%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs