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

Hochschild Mining plc (LON:HOC - Get Free Report) fell 10.1% on Thursday . The stock traded as low as GBX 253.40 ($3.37) and last traded at GBX 274.27 ($3.65). 4,977,883 shares were traded during mid-day trading, an increase of 46% from the average session volume of 3,399,466 shares. The stock had previously closed at GBX 305 ($4.06).

Analyst Ratings Changes

A number of analysts have commented on the company. Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.80) to GBX 200 ($2.66) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.60) price objective on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.99) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Canaccord Genuity Group increased their price target on shares of Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.93) and gave the company a "buy" rating in a research report on Thursday, April 17th. 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.86).

Hochschild Mining Price Performance

The company's 50 day simple moving average is GBX 246 and its 200-day simple moving average is GBX 224.04. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Eduardo Landin acquired 77,000 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were acquired at an average cost of GBX 272 ($3.62) per share, for a total transaction of £209,440 ($278,881.49). Corporate 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.