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JPMorgan Upgrades Hecla Mining (HL) to Overweight

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FBR Capital Raises Price Target on Hecla Mining (HL) Following Strong 2Q

August 9, 2016 7:42 AM EDT

FBR Capital reiterated a Market Perform rating on Hecla Mining (NYSE: HL), and raised the price target to $6.00 (from $5.00), following the company's 2Q earnings report. Hecla reported a 2Q beat with adjusted EBITDA of $77.8M, versus consensus of $60M, and adjusted EPS of $0.07, versus the Street at $0.05.

Analyst Lucas Pipes commented, "On August 4, Hecla... More