BMO Capital analyst Ryan Thompson reiterated a Hold rating on Hecla Mining Company (NYSE: HL) yesterday and set a price target of $4. The company’s shares closed yesterday at $3.46, close to its 52-week low of $3.25.
According to TipRanks.com, Thompson is ranked #2619 out of 4843 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hecla Mining Company with a $5.06 average price target, implying a 46.2% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold with a $3.75 price target.
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Based on Hecla Mining Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $8.24 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.