H.C. Wainwright Thinks Hecla Mining Company’s Stock is Going to Recover


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Hecla Mining Company (NYSE: HL), with a price target of $7.50. The company’s shares closed on Friday at $3.46, close to its 52-week low of $3.25.

Ihle wrote:

“We maintain our Buy rating and our $7.50 PT. Our valuation is based on an equally weighted composite pro forma NAV 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 assets, and a 1.25x NAV multiple.”

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.5% and a 40.3% 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 $5.50 average 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.

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