Hecla Mining reinstated with an Outperform at BMO Capital

BMO Capital analyst Kevin O’Halloran reinstated coverage of Hecla Mining with an Outperform rating and $5.50 price target. The analyst views Hecla as a “premium-quality” silver producer. Near-term growth in high-margin silver production, growing cash flows, and visibility on an improving balance sheet will translate into higher market value for Hecla shares, the analyst tells investors in a research note.