H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Hecla Mining Company (HL) today and set a price target of $3. The company’s shares closed yesterday at $2.01.
Ihle noted:
“We highlight that the mine achieved record quarterly silver production of 2.4Moz (+6% YoY) as mine sequencing led to an improvement in ore grades and recoveries. This was partly offset by gold production of 13,256 falling by 3% YoY and 7% QoQ. Notably, throughput at the mine remained roughly flat QoQ and YoY.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 5.0% and a 51.7% 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 Sell analyst consensus rating for Hecla Mining Company with a $1.76 average price target.
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The company has a one-year high of $3.54 and a one-year low of $1.21. Currently, Hecla Mining Company has an average volume of 7.73M.
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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.
