BMO Capital Markets Comments on Hecla Mining

BMO Capital Markets provided color on Hecla Mining (NYSE: HL) in a research report published today. BMO Capital Markets has previously given Hecla Mining an Outperform rating and $12 price target.

In the report, BMO Capital Markets states, " Hecla announced that final settlement terms for the Coeur d'Alene Basin environmental obligation have been approved by the U.S. District Court in Idaho. The agreement resolves all claims against HL by the United States, the Coeur D'Alene Tribe and the State of Idaho for the Coeur D'Alene Basin Superfund Site environmental liability."

Later in the report, BMO Capital Markets notes, "BMO Research views the news as positive, as it removes a degree of uncertainty surrounding the timing of the payment of HL's financial obligation related to the litigation."

Shares of Hecla Mining were trading at $7.81 at the time of posting, down 2.01% from Thursday's market close.