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Fly News Breaks for November 8, 2019
HL
Nov 8, 2019 | 07:08 EDT
Cantor Fitzgerald analyst Mike Kozak upgraded Hecla Mining Overweight with a price target of $2.50, up from $2 following the Q3 report. The analyst recommends buying shares on weakness related to the topline miss saying it will be recouped in Q4. Further, Kozak said the company built its cash position to $33M from $9.4M in Q2, relieving liquidity pressure.
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