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Hecla Mining (HL +6.5%) powers to a 52-week high after RBC Capital upgrades shares to Sector Perform from Underperform with a $4.50 price target, citing forecasts for higher silver prices and higher implied multiples that are more in line with the stock’s historical ranges and peer averages.
Earlier this week, B Riley FBR raised its recommendation on the stock to Buy from Neutral with a $5.70 target.
HL’s average Wall Street analyst rating and Seeking Alpha Authors’ Rating are both Neutral.
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