HC Wainwright & Co. Maintains Buy Rating for Hecla Mining: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
HC Wainwright & Co. has maintained its Buy rating for Hecla Mining (NYSE:HL) but lowered its price target from $9.25 to $9.00. Hecla Mining's shares are currently trading down 4.18% at $4.01 per share. A move to the new price target would represent a 124.16% increase from the current share price.
September 19, 2023 | 5:00 pm
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NEUTRAL IMPACT
Hecla Mining's Buy rating is maintained by HC Wainwright & Co. but the price target is lowered to $9.00. The current share price is $4.01, down 4.18%.
The news of HC Wainwright & Co. maintaining its Buy rating for Hecla Mining is positive, indicating continued confidence in the company. However, the lowering of the price target from $9.25 to $9.00 could be seen as a slight negative, potentially indicating a reduced growth outlook. The current share price is down 4.18%, which may be a reaction to this news. Overall, the impact on the stock price in the short term is likely to be neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100