Roth Capital analyst Joe Reagor downgraded Hecla Mining (HL) to Neutral from Buy with an unchanged price target of $6. The firm, which is updating its estimates to reflect revised gold and silver price forecasts, notes that when it last wrote on Hecla it had used higher gold and silver prices than its forecasts to lessen the impact of its current industry update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HL: