Hochschild Mining (LON:HOC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 209.92 ($2.71) and traded as high as GBX 274.39 ($3.54). Hochschild Mining shares last traded at GBX 264.50 ($3.41), with a volume of 2,261,870 shares trading hands.

Wall Street Analysts Forecast Growth

HOC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.87) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.48) target price on the stock in a research report on Thursday, March 13th. Berenberg Bank dropped their price target on shares of Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.58) and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.68) price target on shares of Hochschild Mining in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 273 ($3.52).

Hochschild Mining Trading Down 8.3 %

The stock has a market cap of £1.63 billion, a price-to-earnings ratio of 53.58, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. 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 company has a 50 day moving average of GBX 210.94 and a 200-day moving average of GBX 212.29.

Hochschild Mining Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend 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.