H.C. Wainwright Remains a Buy on Hecla Mining Company

By Ryan Adsit

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 $8.50. The company’s shares closed yesterday at $5.22.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 11.6% and a 38.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Paramount Gold And Silver.

Hecla Mining Company has an analyst consensus of Hold, with a price target consensus of $6.25.

The company has a one-year high of $7.64 and a one-year low of $4.61. Currently, Hecla Mining Company has an average volume of 3.98M.

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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. The company operates its business through the following operating units: Greens Creek, Lucky Friday, Casa Berardi and San Sebastian.