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

H.C. Wainwright analyst Heiko Ihle reiterated a Purchase ranking on Hecla Mining Firm (HL) immediately and set a worth goal of $4.25. The corporate’s shares closed final Monday at $2.07.

Based on TipRanks.com, Ihle is presently ranked with no stars on a 0-5 star rating scale, with a median return of -24.6% and a 16.7% success charge. Ihle covers the Primary Supplies sector, specializing in shares resembling Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

The phrase on The Road on the whole, suggests a Maintain analyst consensus ranking for Hecla Mining Firm with a $3.73 common worth goal.

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Primarily based on Hecla Mining Firm’s newest earnings launch for the quarter ending December 31, the corporate reported a quarterly income of $236 million and GAAP internet lack of $7.98 million. Compared, final yr the corporate earned income of $140 million and had a GAAP internet lack of $23.69 million.

Primarily based on the current company insider exercise of 25 insiders, company insider sentiment is destructive on the inventory. Because of this over the previous quarter there was a rise of insiders promoting their shares of HL in relation to earlier this yr.

TipRanks has tracked 36,000 firm insiders and located that a number of of them are higher than others in the case of timing their transactions. See which 3 stocks are probably to make strikes following their insider actions.

Hecla Mining Co. operates as a silver and gold manufacturing firm. It produces lead, zinc and bulk concentrates for customized smelters and brokers; and develops unrefined precipitate and bullion bars for treasured metals merchants. It operates by means of the next enterprise segments: Greens Creek, Fortunate Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek phase is situated on Admiralty Island, Junea, Alaska. The Fortunate Friday phase is situated in northern Idaho. The Casa Berardi phase is situated within the Abitibi area of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian phase is situated within the state of Durango, Mexico and comprises underground mines. The corporate was based by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d’Alene, ID.