Scotiabank sees Hecla Mining as safer bet; resumes coverage with 'sector perform'

Brokerage Scotiabank resumes coverage for Hecla Mining HL.N with "sector perform", sets price target to $15

The new PT represents a downside of 3.4% to the stock's last close

Shares of the Co up 2.64% at $15.9 premarket

Brokerage says Hecla's U.S. and Canadian mines mean very low political risk, making it a safer bet for investors

Analyst adds that co's strong cash flow and advancing projects, like Nevada, position it well for future growth

Co expects silver production for FY25 at 16.2 million to 17.0 million ounces and gold at 145,000 to 150,000 ounces

4 of 10 brokerages rate the stock "buy", 5 "hold" and 1 "sell", median PT is $15

Up to last close , shares up 216.3% YTD