UPDATE: Global Hunter Securities Starts Hecla Mining (HL) at Neutral; Down But Not Out
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Price: $5.24 +3.56%
Rating Summary:
7 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
7 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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(Updated - May 30, 2012 9:11 AM EDT)
Global Hunter Securities initiates coverage on Hecla Mining (NYSE: HL) with a Neutral. PT $4.85.
Analyst, Jeff Wright, said, "Hecla Mining 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."
For an analyst ratings summary and ratings history on Hecla Mining click here. For more ratings news on Hecla Mining click here.
Shares of Hecla Mining closed at $4.54 yesterday.
Global Hunter Securities initiates coverage on Hecla Mining (NYSE: HL) with a Neutral. PT $4.85.
Analyst, Jeff Wright, said, "Hecla Mining 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."
For an analyst ratings summary and ratings history on Hecla Mining click here. For more ratings news on Hecla Mining click here.
Shares of Hecla Mining closed at $4.54 yesterday.
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