Hecla Mining price target raised to $6 from $4.60 at Roth MKM

Roth MKM analyst Joe Reagor raised the firm’s price target on Hecla Mining to $6 from $4.60 and keeps a Buy rating on the shares. The company’s Q1 production figures were well above expectations driven by a faster than anticipated ramp up at Lucky Friday, the analyst tells investors in a research note. Roth MKM added tht it is also updating its gold and silver price forecasts as precious metals have outperformed expectations this year.