Roth Capital Raises Hecla Mining Price Target As Q4 Production Is Well Above Expectations
Roth Capital analyst Joe Reagor maintained a Neutral rating on Hecla Mining Company (NYSE:HL) and raised his price target to $3.00 (from $2.50), which represents a slight downside from current levels.
Reagor explained, “On January 14, Hecla Mining reported preliminary production results for Q4 and full year 2014, beating guidance by a significant margin. We believe Hecla’s management will continue to drive strong results in 2015 justifying our inclusion of a management premium in our valuation. However, due to recent share price appreciation driven by improved commodity prices, we are maintaining our Neutral rating.”
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 -6.0% and a 40.7% success rate. Reagor has a -5.1% average return when recommending HL, and is ranked #3214 out of 3428 analysts.