Artemis Investment Management LLP Has $44.73 Million Stake in Hecla Mining Company $HL

Key Points

• Artemis Investment Management trimmed its position in Hecla by 3.1% to 2,330,841 shares — a stake worth about $44.73 million, roughly 0.35% of the company.
• Hecla stock opened at $18.03 (52‑week range $4.51–$34.17) with a market cap of $12.09 billion, and the company pays a very small quarterly dividend of $0.0038 (≈$0.02 annually, 0.1% yield).
• Wall Street's consensus rating is Hold with an average price target of $21.31; analyst breakdown: 2 Buy, 7 Hold, 1 Sell.

Artemis Investment Management LLP reduced its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,330,841 shares of the basic materials company's stock after selling 74,504 shares during the period. Artemis Investment Management LLP owned approximately 0.35% of Hecla Mining worth $44,729,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new stake in shares of Hecla Mining during the fourth quarter worth $28,000. UMB Bank n.a. grew its stake in shares of Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company's stock worth $30,000 after buying an additional 2,390 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company's stock worth $37,000 after buying an additional 4,425 shares during the last quarter. MAI Capital Management bought a new stake in shares of Hecla Mining during the third quarter worth $39,000. Finally, Headlands Technologies LLC bought a new stake in shares of Hecla Mining during the second quarter worth $44,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Trading Up 0.1%

Shares of HL stock opened at $18.03 on Friday. Hecla Mining Company has a 52-week low of $4.51 and a 52-week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72. The company has a 50-day simple moving average of $19.84 and a two-hundred day simple moving average of $19.25. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 36.80 and a beta of 1.26.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 9th. Hecla Mining's dividend payout ratio is presently 2.04%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HL. Canadian Imperial Bank of Commerce boosted their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 28th. Zacks Research cut shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 13th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Hecla Mining from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 29th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hecla Mining has a consensus rating of "Hold" and an average price target of $21.31.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d'Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d'Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company's principal operations are located in North America and Latin America.

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