H.C. Wainwright Sticks to Its Buy Rating for Hecla Mining Company (HL)


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Hecla Mining Company (HL), with a price target of $6. The company’s shares closed yesterday at $2.74.

Ihle observed:

“We note that cash and cash equivalents now total $27.4 million.”

According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -3.2% and a 40.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.

Hecla Mining Company has an analyst consensus of Moderate Buy, with a price target consensus of $4.08.

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Based on Hecla Mining Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $23.69 million. In comparison, last year the company had a GAAP net loss of $27.75 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.

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