Hecla Mining Company (NYSE:HL) : The consensus price target for Hecla Mining Company (NYSE:HL) is $3.08 for the short term with a standard deviation of $0.93. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.
Other Equity analysts have also commented on the company shares. Brokerage firm ScotiaBank downgrades its rating on Hecla Mining Company (NYSE:HL). The shares have been rated Underperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the firm was issued on April 11, 2016.
Hecla Mining Company (NYSE:HL): stock turned positive on Thursday. Though the stock opened at $4.58, the bulls momentum made the stock top out at $4.716 level for the day. The stock recorded a low of $4.56 and closed the trading day at $4.66, in the green by 0.65%. The total traded volume for the day was 6,976,961. The stock had closed at $4.63 in the previous days trading.
The company shares have rallied 64.18% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $4.75 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.29 and the 200 Day Moving Average price is recorded at $2.94. On the companys insider trading activities,The director of Hecla Mining Co/De/, Taylor Anthony P sold 5,000 shares at $4.53 on June 10, 2016. The Insider selling transaction had a total value worth of $22,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.