Roth Capital Maintains Buy On Hecla Mining Shares, Sees 39% Upside For The Stock
Roth Capital analyst Joe Reagor maintained a Buy rating on Hecla Mining Company (NYSE:HL) but reduced his price target to $3.25 (from $3.75), which still represents a potential upside of 39% from where the stock is currently trading.
Reagor noted, “On November 5, 2014 HL reported its Q3 2014 financial results beating our estimates. HL’s low cost mines and base metals contributions have enabled the company to outperform our expectations. However, given the recent gold and silver price declines we are cutting our price target”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joe Reagor has a total average return of -11.5% and a 26.3% success rate. Reagor has a -22.2% average return when recommending HL, and is ranked #3299 out of 3365 analysts.