Hecla Mining Company (HL): Price Target and June Short Interest Disclosure

Hecla Mining Company (HL) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $4 and the lowest price target forecast is $2. The average forecast of all the analysts is $3.44 and the expected standard deviation is $1.1.

Hecla Mining Company (HL) encountered a drop of 8.4% or -3,012,172 shares in the short positions. The number dropped from 35,647,092 on June 15,2016 to 32,634,920 on June 30,2016. The final interest is 8.7% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 10,680,467 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Bernstien upgrades its ratings on Hecla Mining Company (NYSE:HL). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on July 5, 2016.


Hecla Mining Company (NYSE:HL): On Thursdays trading session , Opening price of the stock was $6.07 with an intraday high of $6.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.98. However, the stock managed to close at $6.23, a loss of 0.16% for the day. On the previous day, the stock had closed at $6.24. The total traded volume of the day was 8,643,516 shares.

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idahos Silver Valley, which is located in Coeur dAlene Mining District; Greens Creek unit on Alaskas Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition, the Company owns Rock Creek Project, a silver and copper deposit, which is located in North America.

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