Hochschild Mining (LON:HOC) Hits New 12-Month High - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 312.80 ($4.16) and last traded at GBX 303.60 ($4.04), with a volume of 2592120 shares changing hands. The stock had previously closed at GBX 303.60 ($4.04).

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Berenberg Bank cut their price target on Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.66) and set a "hold" rating for the company in a report on Wednesday, March 12th. Canaccord Genuity Group raised their price objective on shares of Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.59) price objective on the stock in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 300 ($3.99) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hochschild Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.86).

Hochschild Mining Trading Down 1.6 %

The stock has a market cap of £2.05 billion, a PE ratio of 67.33, a PEG ratio of 0.41 and a beta of 1.08. The company's fifty day moving average is GBX 236.65 and its 200-day moving average is GBX 220.34. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Hochschild Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be issued a $0.02 dividend. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining's dividend payout ratio (DPR) is presently 85.32%.

About Hochschild Mining

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years' operating experience in the Americas. We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.