H.C. Wainwright Sticks to Its Buy Rating for Hecla Mining Company (HL)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Hecla Mining Company (HLResearch Report) today and set a price target of $4.25. The company’s shares closed last Monday at $2.07.

According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -24.6% and a 16.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

The word on The Street in general, suggests a Hold analyst consensus rating for Hecla Mining Company with a $3.73 average price target.

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Based on Hecla Mining Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $236 million and GAAP net loss of $7.98 million. In comparison, last year the company earned revenue of $140 million and had a GAAP net loss of $23.69 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HL in relation to earlier this year.

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Hecla Mining Co. operates as a silver and gold production company. 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. The Greens Creek segment is located on Admiralty Island, Junea, Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d’Alene, ID.