In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Hecla Mining Company (HL – Research Report), with a price target of $8.25. The company’s shares closed yesterday at $3.62.
Ihle covers the Basic Materials sector, focusing on stocks such as Drdgold, Avino Silver & Gold, and Endeavour Silver. According to TipRanks, Ihle has an average return of -15.2% and a 24.40% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hecla Mining Company with a $6.21 average price target, implying a 71.55% upside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $4.60 price target.
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Based on Hecla Mining Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $181.91 million and a GAAP net loss of $22.42 million. In comparison, last year the company earned a revenue of $194.83 million and had a GAAP net loss of $4.45 million
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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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