Hochschild Mining (LON:HOC) Stock Price Down 14.4% - What's Next?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) dropped 14.4% during mid-day trading on Wednesday . The company traded as low as GBX 253.40 ($3.36) and last traded at GBX 261.20 ($3.46). Approximately 34,956,750 shares were traded during mid-day trading, an increase of 824% from the average daily volume of 3,783,810 shares. The stock had previously closed at GBX 305 ($4.04).

Analysts Set New Price Targets

A number of brokerages have commented on HOC. Berenberg Bank lowered their target price on Hochschild Mining from GBX 210 ($2.78) to GBX 200 ($2.65) and set a "hold" rating on the stock in a report on Wednesday, March 12th. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 285 ($3.78) to GBX 370 ($4.90) and gave the company a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.58) target price for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 300 ($3.98) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.84).

Hochschild Mining Stock Performance

The firm has a market cap of £1.77 billion, a PE ratio of 58.08, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50-day moving average price of GBX 241.31 and a 200 day moving average price of GBX 222.54. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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. 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.

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