BMO Capital analyst Kevin O’Halloran raised the firm’s price target on Hecla Mining (HL) to $13.50 from $12 and keeps a Market Perform rating on the shares. The company’s Q3 financials beat BMO and consensus estimates, driven by production results that exceeded expectations across all four operations, compounded by higher realized prices, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HL:
- Hecla Mining price target raised to $16.50 from $12.50 at H.C. Wainwright
- Hecla Mining reports Q3 EPS 15c, consensus 9c
- Hecla Mining Announces Dividend Amid Strong Q3 Results
- HL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Hecla Mining call volume above normal and directionally bullish