Hochschild Mining (LON:HOC) Trading Up 4.9% - Should You Buy?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were up 4.9% on Friday . The stock traded as high as GBX 241 ($3.13) and last traded at GBX 234 ($3.04). Approximately 2,321,971 shares changed hands during trading, a decline of 18% from the average daily volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.90).

Analysts Set New Price Targets

Several research analysts have recently weighed in on HOC shares. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price target on the stock in a research report on Thursday, March 13th. Berenberg Bank lowered their price target on shares of Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($3.90) price target 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 company's stock. Based on data from MarketBeat.com, Hochschild Mining has a consensus rating of "Moderate Buy" and an average price target of GBX 273 ($3.55).

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The company has a market capitalization of £1.62 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock's 50 day simple moving average is GBX 197.77 and its 200-day simple moving average is GBX 203.40.

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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 paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining's dividend payout ratio (DPR) 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.