Hochschild Mining (LON:HOC) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 214.07 ($2.80) and traded as high as GBX 262.20 ($3.43). Hochschild Mining shares last traded at GBX 260.60 ($3.41), with a volume of 80,827,422 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HOC. Berenberg Bank decreased their price objective on Hochschild Mining from GBX 210 ($2.75) to GBX 200 ($2.62) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.53) price target for the company in a report on Thursday, March 13th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.73) price objective on shares of Hochschild Mining in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.93) target price 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 273 ($3.57).

Hochschild Mining Stock Performance

The company's fifty day moving average price is GBX 224.09 and its two-hundred day moving average price is GBX 216.52. 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 firm has a market capitalization of £1.95 billion, a PE ratio of 63.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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