.png "Hecla Mining Company (NYSE: 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 $7. The company’s shares closed yesterday at $2.58.
Ihle said:
“We note that anticipated lower grades at San Sebastian caused significant decreases in silver and gold production. Overall production at San Sebastian declined to 2.04 million silver ounces (-38% YoY) and 14,979 gold ounces (-41% YoY). Lastly, silver and gold production at Creek, which commenced operations in July 2018, totaled 29,772 ounces and 128,538 ounces, respectively. We anticipate both of these figures to increase during 2019 given a full year of Hecla ownership following the acquisition of the assets.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -7.1% and a 34.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hecla Mining Company with a $4.42 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 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.
