Hecla Mining (HL) Valuation Check After Casa Berardi Sale And Debt Redemption
Hecla Mining (HL) has reshaped its balance sheet by closing the sale of its Casa Berardi Mine subsidiary and moving to redeem its remaining US$263 million 7.25% senior notes due 2028 at par. See our latest analysis for Hecla Mining. Despite the balance sheet reshuffle and the launch of a leveraged ETF tied to the stock, Hecla Mining’s 30 day share price return of a 23.47% decline contrasts with a very large 1 year total shareholder return. This suggests longer term momentum but some recent...
Hecla Mining (HL) has reshaped its balance sheet by closing the sale of its Casa Berardi Mine subsidiary and moving to redeem its remaining US$263 million 7.25% senior notes due 2028 at par. See our latest analysis for Hecla Mining. Despite the balance sheet reshuffle and the launch of a leveraged ETF tied to the stock, Hecla Mining’s 30 day share price return of a 23.47% decline contrasts with a very large 1 year total shareholder return. This suggests longer term momentum but some recent...