Hecla Mining Company (HL) Receives Price Target

Hecla Mining Company (HL) stock is expected to deviate a maximum of $1.91 from the average target price of $4.42 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $2.

Hecla Mining Company (HL) : Zacks Investment Research ranks Hecla Mining Company (HL) as 1, which is a Strong Buy recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.14, which indicates as a Hold.


Also, In a research note released to the investors, BMO Capital downgrades its rating on Hecla Mining Company (NYSE:HL).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 23, 2016.

Hecla Mining Company (NYSE:HL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.57 and $5.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.71, notching a gain of 2.33% for the day. The total traded volume was 10,371,587 . The stock had closed at $5.58 on the previous day.

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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