Hochschild Mining (LON:HOC) Trading 7.2% Higher - What's Next?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) traded up 7.2% on Friday . The stock traded as high as GBX 239.50 ($3.11) and last traded at GBX 239 ($3.11). 7,378,626 shares traded hands during trading, an increase of 153% from the average session volume of 2,911,943 shares. The stock had previously closed at GBX 223 ($2.90).

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Berenberg Bank reduced their price target on Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reiterated 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. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 285 ($3.71) price target on shares of Hochschild Mining in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price target for the company in a research report on Thursday, March 13th. One investment 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 company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 273 ($3.55).

Hochschild Mining Price Performance

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

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Hochschild Mining Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be paid a $0.02 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 8th. 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.