Hecla Mining Company (NYSE:HL) : The consensus price target for Hecla Mining Company (NYSE:HL) is $3.17 for the short term with a standard deviation of $0.97. 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.
Shares of Hecla Mining Co. rose by 9.44% in the last five trading days and 28.14% for the last 4 weeks. Hecla Mining Co. is up 79.7% in the last 3-month period. Year-to-Date the stock performance stands at 170.35%. Also, Equity Analysts at the ScotiaBank downgrades the rating on Hecla Mining Company (NYSE:HL). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on April 11, 2016.
Hecla Mining Company (NYSE:HL) : Zacks Investment Research ranks Hecla Mining Company (NYSE:HL) as 2, which is a Buy recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3.33, which indicates as a Hold.
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 $4.99 and $4.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.10, notching a gain of 3.24% for the day. The total traded volume was 9,545,382 . The stock had closed at $4.94 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Taylor Anthony P, director of Hecla Mining Co/De/, had unloaded 5,000 shares at an average price of $4.53 in a transaction dated on June 10, 2016. The total value of the transaction was worth $22,650.
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.