Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was up 7.2% during trading on Friday . The company traded as high as GBX 239.50 ($3.11) and last traded at GBX 239 ($3.11). Approximately 7,378,626 shares traded hands during trading, an increase of 153% from the average daily volume of 2,911,943 shares. The stock had previously closed at GBX 223 ($2.90).
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on HOC shares. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 300 ($3.90) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 285 ($3.71) price target on shares of Hochschild Mining in a report on Wednesday, March 12th. Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price objective for the company in a report on Thursday, March 13th. Finally, Berenberg Bank decreased their price objective on shares of Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating for the company in a report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 273 ($3.55).
Get Our Latest Stock Report on Hochschild Mining
Hochschild Mining Stock Down 0.2 %
The company's fifty day simple moving average is GBX 198.42 and its 200 day simple moving average is GBX 203.91. The firm has a market capitalization of £1.62 billion, a P/E ratio of 53.22, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.
Hochschild Mining Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be given a $0.02 dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, May 8th. Hochschild Mining's dividend payout ratio is presently 85.32%.
About Hochschild Mining
(
Get Free Report)
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.
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