Hecla Mining (NYSE:HL) Making its Move?

Hecla Mining (NYSE:HL) has been soaring since July 19, when it hit $4.64, driving up as investors pour their capital into silver.

Rodman & Renshaw said they're maintaining their "Outperform" on the company while raising their price target significantly.

As gold prices continue to rise, silver prices are becoming a more attractive investment, as it has lagged behind the price of gold in its usual relationship to it, which is about ratio or 16 or 17 to one. That gap is starting to shrink, and that is good news for silver investors who are looking to it beyond industrial uses to an investment metal and currency alternative.

Hecla was trading at $11.17, up $0.49, or 4.59 percent, as of 12:14 PM EST. Rodman & Renshaw increased their price target on them from $8 to $13.50.