HL - Hecla Mining's Fire At Lucky Friday Mine Causes More Damage Than Expected: Analyst | Benzinga
Roth MKM analyst Joe Reagor reiterated a Neutral rating on Hecla Mining Company (NYSE: HL), lowering the price target from $4.50 to $4.00.
The analyst cautions that the impact of the fire at the Lucky Friday Mine was significantly greater than anticipated.
On September 18, 2023, Hecla Mining provided an update on the previously announced fire at the Lucky Friday Mine. The update indicated that while the fire has been extinguished and normal ventilation has been restored, the mine would not resume production this year.
Instead, the company is ...