Hochschild Mining (LON:HOC) Shares Up 4.9% - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was up 4.9% during trading on Friday . The company traded as high as GBX 241 ($3.13) and last traded at GBX 234 ($3.04). Approximately 2,321,971 shares changed hands during trading, a decline of 18% from the average daily volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.90).

Analyst Ratings Changes

A number of equities research analysts have recently commented on HOC shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 285 ($3.70) target price on shares of Hochschild Mining in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.90) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Berenberg Bank decreased their price target on shares of Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price target on the stock in a research note on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 273 ($3.55).

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock's 50 day simple moving average is GBX 197.77 and its two-hundred day simple moving average is GBX 203.40. The firm has a market capitalization of £1.62 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Remove Ads

Hochschild Mining Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be paid a $0.02 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 8th. 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.