Roth Capital Assumes Hecla Mining (HL) at Neutral

Roth Capital analyst Joe Reagor assumes coverage on Hecla Mining (NYSE: HL) with a Neutral rating and a price target of $7.50.

The analyst comments "We are resuming and transferring coverage of Hecla with a $7.50 price target based on a 15x multiple of 2021E CFPS. We believe this valuation is in line with the values we have assigned to its peer group. We also note that Hecla's long mine lives make our traditional DCF valuation methodology inconsistent with the valuation the company receives in the market."

For an analyst ratings summary and ratings history on Hecla Mining click here. For more ratings news on Hecla Mining click here.

Shares of Hecla Mining closed at $5.46 yesterday.

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