Hochschild Mining (LON:HOC) Reaches New 1-Year High - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 329.60 ($4.39) and last traded at GBX 327.06 ($4.35), with a volume of 9699742 shares changing hands. The stock had previously closed at GBX 310.60 ($4.14).

Analysts Set New Price Targets

HOC has been the subject of a number of recent analyst reports. Berenberg Bank cut their price target on shares of Hochschild Mining from GBX 210 ($2.80) 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 target price on Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.93) and gave the company a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.60) price objective for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.99) target price on shares of Hochschild Mining in a research report 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, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 290 ($3.86).

Hochschild Mining Stock Down 1.4 %

The stock has a 50 day moving average price of GBX 246 and a 200 day moving average price of GBX 223.78. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a market capitalization of £1.74 billion, a P/E ratio of 57.15, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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

Insider Buying and Selling at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin bought 77,000 shares of the stock in a transaction on Thursday, April 24th. The stock was acquired at an average cost of GBX 272 ($3.62) per share, for a total transaction of £209,440 ($278,881.49). Corporate insiders own 38.71% of the company's stock.

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.