Roth Capital Reiterates Buy On Hecla Mining Following 2Q14 Financial Results
In a research report published today, Roth Capital analyst Joe Reagor reiterated coverage with a Buy rating on shares of Hecla Mining Company (HL) and a $3.75 price target, following second quarter 2014 financial results.
Reagor noted, “Adjusted EPS was in-line with our estimate, while revenue of $117.5 million was slightly below our estimate and further below consensus. The slight revenue miss appears to be related to payable ounces sold compared to reported production. Otherwise it was another steady quarter for HL. We continue to believe HL’s management is delivering on their goals and we are encouraged by continued steady results”.
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform analyst Joseph Reagor has a 9.4% average return and a 50.0% success rate. Reagor has a 1.7% average return when recommending HL, and is ranked #1088 out of 3195 analysts.
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