In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Hecla Mining Company (NYSE: HL), with a price target of $3.80. The company’s shares closed yesterday at $3.04, close to its 52-week low of $2.59.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 7.6% and a 62.0% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Newmont Mining Corporation.
Hecla Mining Company has an analyst consensus of Moderate Buy, with a price target consensus of $4.54, implying a 49.3% upside from current levels. In a report issued on September 10, Roth Capital also initiated coverage with a Buy rating on the stock with a $5 price target.
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Based on Hecla Mining Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $12.07 million. In comparison, last year the company had a GAAP net loss of $24.02 million.
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Hecla Mining Co. operates as a silver and gold producer. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and San Sebastian.
