Hochschild Mining (LON:HOC) Reaches New 52-Week High - Here's Why

Hochschild Mining plc (LON:HOC - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 265.59 ($3.44) and last traded at GBX 262.59 ($3.40), with a volume of 34053961 shares trading hands. The stock had previously closed at GBX 257 ($3.33).

Analyst Ratings Changes

A number of analysts have recently commented on HOC shares. Berenberg Bank dropped their price objective on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a "hold" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.49) target price for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 273 ($3.53).

Hochschild Mining Stock Performance

The stock has a 50 day simple moving average of GBX 204.36 and a 200 day simple moving average of GBX 208.93. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.75 billion, a price-to-earnings ratio of 57.59, a PEG ratio of 0.41 and a beta of 1.08.

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Hochschild Mining Cuts Dividend

The business also recently declared 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 (DPR) 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.