In a report released today, Joseph Reagor from Roth MKM downgraded Hecla Mining Company to a Sell, with a price target of $8.75. The company’s shares closed yesterday at $12.06.
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Reagor covers the Basic Materials sector, focusing on stocks such as Silvercorp Metals, Avino Silver & Gold, and US Gold. According to TipRanks, Reagor has an average return of 22.3% and a 53.12% success rate on recommended stocks.
Hecla Mining Company has an analyst consensus of Moderate Buy, with a price target consensus of $9.04.
HL market cap is currently $8.21B and has a P/E ratio of 77.32.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HL in relation to earlier this year. Last month, Stuart Maurice Absolom, the VP – Principal Acctg. Officer of HL sold 14,472.00 shares for a total of $163,388.88.
Read More on HL:
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