Hecla Mining price target lowered to $26.75 from $36.50 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Hecla Mining (HL) to $26.75 from $36.50 and keeps a Buy rating on the shares after the company released its Q1 results. The firm’s decreased target is primarily driven by the sale of Casa Berardi at a price below its modeled value and its use of a cash flow per share metric in its valuation, the analyst tells investors.

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