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H.C. Wainwright Keeps a Buy Rating on Hecla Mining Company (HL)


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Hecla Mining Company (HL) today and set a price target of $7. The company’s shares closed yesterday at $2.45, close to its 52-week low of $2.17.

Ihle wrote:

“We maintain our Buy rating and $7.00 per share price target. Our valuation is based on an equally weighted composite of our NAV estimate and 2018E CFPS. Our NAV is based on a DCF of the firm’s operating assets, utilizing a 7.0% discount rate, in-line with similar firms, and a 1.25x NAV multiple.”

According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -10.9% and a 22.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hecla Mining Company with a $4.17 average price target.

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Based on Hecla Mining Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $23.18 million. In comparison, last year the company had a net profit of $1.41 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.