JPMorgan Upgrades Hecla Mining (HL) to Overweight
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
FBR Capital Raises Price Target on Hecla Mining (HL) Following Strong 2Q
August 9, 2016 7:42 AM EDTFBR 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