Market Overview

UPDATE: Global Hunter Securities Initiates Coverage on Hecla Mining

Related HL
Benzinga's Top Upgrades
Hecla Increases Interest in Dolly Varden Silver Corporation

According to a research report published this morning, Global Hunter Securities has initiated Hecla Mining Co. (NYSE: HL) with a Neutral rating and $4.85 PT.

In the report, Global Hunter Securities commented, "Hecla Mining (HL) has been knocked down but not out in the past six months. While the company has suffered a major setback with the mandated closure of the Lucky Friday Mine, we believe it is on solid ground with its Greens Creek Mine continuing to operate at a high level and the ability to return to a silver growth story in 2013. In our opinion, HL represents meaningful exposure to the silver market, but with the risk of the Lucky Friday Mine taking much longer than anticipated to return to production."

Hecla Mining is currently trading at $4.41.

Latest Ratings for HL

Nov 2015BMO CapitalUpgradesUnderperformOutperform
Oct 2015Deutsche BankMaintainsBuy
Sep 2015CIBCUpgradesSector Perform

View More Analyst Ratings for HL
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Initiation Analyst Ratings


Related Articles (HL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters