Hecla Mining downgraded to Sell from Neutral at Roth Capital

Roth Capital downgraded Hecla Mining (HL) to Sell from Neutral with a price target of $8.75, up from $6.50. The firm cites valuation for the downgrade. Hecla shares have significantly outperformed the revised target, which reflects fair value based on current gold and silver prices, the analyst tells investors in a research note. Roth also has concerns that declines in production at Casa Berardi in the coming years as well as potential risks to production at Keno Hill create downside scenarios.