RBC Capital analyst Michael Siperco maintained a Buy rating on Hecla Mining Company (HL – Research Report) yesterday and set a price target of $6.00. The company’s shares closed last Friday at $4.14.
Siperco covers the Basic Materials sector, focusing on stocks such as New Gold, Pan American Silver, and SilverCrest Metals. According to TipRanks, Siperco has an average return of -9.4% and a 28.13% success rate on recommended stocks.
Currently, the analyst consensus on Hecla Mining Company is a Strong Buy with an average price target of $6.30, representing a 52.17% upside. In a report released on October 13, Roth MKM also upgraded the stock to a Buy with a $4.40 price target.
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Based on Hecla Mining Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $178.13 million and a GAAP net loss of $15.69 million. In comparison, last year the company earned a revenue of $191.24 million and had a GAAP net loss of $13.52 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HL in relation to earlier this year.
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Hecla Mining Company (HL) Company Description:
Hecla Mining Co. operates as a silver and gold production company. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek segment is located on Admiralty Island, Junea, Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d’Alene, ID.
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