H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Hecla Mining Company (HL) today and set a price target of $6. The company’s shares closed yesterday at $2.33, close to its 52-week low of $2.17.
Ihle commented:
“We further note that skilled workers are eligible for increased compensation. The firm also guided towards an updated vacation policy, resulting in a plan that is likely easier to administer and ultimately pays the Union members more. While verbal agreements have been reached regarding call out pay and vacation, the acceptance of Hecla’s progression system remains the primary issue in moving forward with a resolution.”
According to TipRanks.com, Ihle is a 1-star analyst with an average return of -1.6% and a 44.0% 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 Hold, with a price target consensus of $3.83.
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The company has a one-year high of $4.15 and a one-year low of $2.17. Currently, Hecla Mining Company has an average volume of 5.58M.
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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, Nevada Operations and San Sebastian.
