Hochschild Mining (LON:HOC) Trading Down 10.1% - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price traded down 10.1% during mid-day trading on Thursday . The company traded as low as GBX 253.40 ($3.40) and last traded at GBX 274.27 ($3.68). 4,977,883 shares traded hands during trading, an increase of 46% from the average session volume of 3,399,466 shares. The stock had previously closed at GBX 305 ($4.10).

Analysts Set New Price Targets

HOC has been the topic of several recent research reports. Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.63) price objective on the stock in a research report on Thursday, March 13th. Berenberg Bank decreased their price objective on Hochschild Mining from GBX 210 ($2.82) to GBX 200 ($2.69) and set a "hold" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($4.03) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Finally, Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 285 ($3.83) to GBX 370 ($4.97) and gave the stock a "buy" rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 290 ($3.90).

Hochschild Mining Trading Up 1.9 %

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The business has a fifty day moving average of GBX 246 and a 200-day moving average of GBX 224.35. The stock has a market capitalization of £1.77 billion, a price-to-earnings ratio of 58.23, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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

Insider Activity at Hochschild Mining

In related news, insider Eduardo Landin bought 77,000 shares of Hochschild Mining stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of GBX 272 ($3.65) per share, with a total value of £209,440 ($281,391.91). Company 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.