RBC Capital analyst Michael Siperco maintained a Buy rating on Hecla Mining Company (HL – Research Report) on November 13 and set a price target of $6.00. The company’s shares closed yesterday at $4.24.
According to TipRanks, Siperco is an analyst with an average return of -8.9% and a 29.94% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Coeur Mining, New Gold, and Pan American Silver.
Currently, the analyst consensus on Hecla Mining Company is a Strong Buy with an average price target of $6.31, representing a 48.82% upside. In a report released on November 8, H.C. Wainwright also reiterated a Buy rating on the stock with a $8.75 price target.
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The company has a one-year high of $6.98 and a one-year low of $3.55. Currently, Hecla Mining Company has an average volume of 6.34M.
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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