Hecla Mining Company (HL) : 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hecla Mining Company (HL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.33.
Hecla Mining Company (HL) : The consensus price target for Hecla Mining Company (HL) is $3.17 for the short term with a standard deviation of $0.97. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.
Hecla Mining Company (NYSE:HL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.62 and $5.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.76, notching a gain of 4.35% for the day. The total traded volume was 8,760,609 . The stock had closed at $5.52 on the previous day.
Also, In a research note released to the investors, ScotiaBank downgrades its rating on Hecla Mining Company (NYSE:HL).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on April 11, 2016. The company shares have rallied 128.10% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $5.56 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.48 and the 200 Day Moving Average price is recorded at $3.13.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idahos Silver Valley, which is located in Coeur dAlene Mining District; Greens Creek unit on Alaskas Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition, the Company owns Rock Creek Project, a silver and copper deposit, which is located in North America.