Hecla Mining coverage transferred at National Bank

National Bank transfers its coverage of Hecla Mining (HL) to analyst Alex Terentiew, who rates the stock at Sector Perform with a $7 price target The firm’s research note on Metals & Mining is positive on the price of silver while also noting that silver-focused mining companies are currently undergoing significant positive transformations as balance sheets have improved, the analyst tells investors in a research note. Hecla remains neutral rated however given the company’s relatively higher debt load and uncertainty regarding the outlook for Casa Berardi’s long-term plan, the firm added.

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