Hecla Mining price target lowered to $13 from $16 at Roth Capital

Roth Capital lowered the firm’s price target on Hecla Mining (HL) to $13 from $16 and keeps a Sell rating on the shares. Hecla Mining’s Q4 results were significantly above expectations, but this was driven by higher than anticipated price realizations, concentrate inventory sales, and higher payability, none of which are “sticky” factors, the analyst tells investors in a research note. The firm says valuation still appears stretched.

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