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

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 275 ($3.55) and last traded at GBX 275 ($3.55), with a volume of 1932410 shares. The stock had previously closed at GBX 264.50 ($3.41).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.48) price objective for the company in a research note on Thursday, March 13th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 285 ($3.68) target price on shares of Hochschild Mining in a research report on Wednesday, March 12th. Berenberg Bank reduced their price target on shares of Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.58) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 300 ($3.87) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hochschild Mining has a consensus rating of "Moderate Buy" and a consensus target price of GBX 273 ($3.52).

Hochschild Mining Trading Down 8.3 %

The stock has a fifty day moving average of GBX 210.94 and a 200-day moving average of GBX 212.29. The company has a market cap of £1.63 billion, a PE ratio of 53.58, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

Hochschild Mining Cuts Dividend

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