Hochschild Mining (LON:HOC) Reaches New 1-Year High - Should You Buy?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 252 ($3.27) and last traded at GBX 248.12 ($3.22), with a volume of 7647831 shares. The stock had previously closed at GBX 234 ($3.03).

Analyst Ratings Changes

A number of equities analysts have recently commented on HOC shares. Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.50) price objective for the company in a research note on Thursday, March 13th. Berenberg Bank cut their target price on shares of Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 285 ($3.70) target price on shares of Hochschild Mining in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.89) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hochschild Mining presently has an average rating of "Moderate Buy" and a consensus price target of GBX 273 ($3.54).

Hochschild Mining Price Performance

The company's fifty day moving average price is GBX 199.56 and its 200 day moving average price is GBX 205.05. The company has a market capitalization of £1.66 billion, a P/E ratio of 54.61, a PEG ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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Hochschild Mining Cuts Dividend

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

Hochschild Mining Company Profile

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.