Hecla Mining Now Covered by Analysts at Roth Capital (HL)
Research analysts at Roth Capital assumed coverage on shares of Hecla Mining (NYSE:HL) in a report released on Thursday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating and a $4.00 price target on the stock. Roth Capital’s price target would suggest a potential upside of 29.87% from the stock’s previous close.
Hecla Mining (NYSE:HL) traded up 1.46% on Thursday, hitting $3.125. 981,476 shares of the company’s stock traded hands. Hecla Mining has a 1-year low of $2.65 and a 1-year high of $6.80. The stock’s 50-day moving average is $3.33 and its 200-day moving average is $3.33. The company’s market cap is $1.071 billion.
Hecla Mining (NYSE:HL) last released its earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.04. The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $110.24 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts predict that Hecla Mining will post $-0.04 earnings per share for the current fiscal year.
HL has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Hecla Mining from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $3.70 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hecla Mining presently has an average rating of “Buy” and an average price target of $4.24.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
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