Hecla Mining Price Target Cut by Royal Bank Of Canada

Royal Bank Of Canada has lowered its price target for Hecla Mining (NYSE:HL) from $24.00 to $20.00 in a recent research report, according to MarketBeat.

The firm currently has an 'outperform' rating on the basic materials company's stock and estimates that the price objective suggests a potential upside of 9.79% from the stock's previous close.

This is not the only recent change in Hecla Mining's target price, as Scotiabank cut its price objective on the company from $25.00 to $21.00 and set a 'sector perform' rating on the stock in a separate research report.