CIBC analyst Cosmos Chiu raised the firm’s price target on Hecla Mining (HL) to $15 from $12.50 and keeps a Neutral rating on the shares. CIBC upped price targets in the sector to reflect its higher gold price forecasts. It now sees $4,500 per ounce in in 2026 and 2027. CIBC also upped its silver forecasts to $55 per ounce in 2026 and 2027. Given the recent run in gold price and corresponding stock outperformance year-to-date, “some of these revisions are a catch-up,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HL:
- Silver mining stocks rise as December Silver extends gains above $49 per ounce
- Hecla Mining call volume above normal and directionally bullish
- Hecla Mining announces U.S. Forest Service advancement of Libby Project
- Hecla Mining downgraded to Sell from Neutral at Roth Capital
- Hecla Mining to Present at Gold Forum Americas