H.C. Wainwright analyst Heiko Ihle raised the firm’s price target on Hecla Mining (HL) to $36.50 from $16.50 and keeps a Buy rating on the shares after the company released its year-end production results. The firm cites the “significant” market demand for silver for the target bump. The new target better better reflects Hecla’s “de-risked” balance sheet amid strong silver demand, the analyst tells investors in a research note.
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