Hecla Mining Company (HL) was Initiated by Rodman & Renshaw to “Buy” and the brokerage firm has set the Price Target at $9. Rodman & Renshaw advised their investors in a research report released on Sep 6, 2016.
Many Wall Street Analysts have commented on Hecla Mining Company. Company shares were Reiterated by FBR Capital on Aug 9, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Hecla Mining Company was Upgraded by JP Morgan to ” Overweight” on Aug 9, 2016. Company shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Hold”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4.20 .
On the company’s financial health, Hecla Mining Company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.05. The company had revenue of $171.30 million for the quarter, compared to analysts expectations of $139.34 million. The company’s revenue was up 64.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Hecla Mining Company opened for trading at $5.57 and hit $5.73 on the upside on Thursday, eventually ending the session at $5.71, with a gain of 2.33% or 0.13 points. The heightened volatility saw the trading volume jump to 1,03,71,587 shares. Company has a market cap of $2,207 M.
In a different news, on Aug 30, 2016, David C Sienko (VP & General Counsel) sold 13,722 shares at $5.85 per share price. According to the SEC, on Aug 12, 2016, Lawrence P Radford (Sr Vice President – Operations) sold 100,000 shares at $7.12 per share price. On Aug 11, 2016, Anthony P Taylor (director) sold 15,000 shares at $7.13 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Idaho’s Silver Valley which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s 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.