Hochschild Mining (LON:HOC) Trading Down 10% - What's Next?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) traded down 10% during trading on Wednesday . The company traded as low as GBX 253.40 ($3.36) and last traded at GBX 274.40 ($3.64). 35,782,234 shares were traded during mid-day trading, an increase of 843% from the average session volume of 3,794,393 shares. The stock had previously closed at GBX 305 ($4.04).

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Hochschild Mining from GBX 285 ($3.78) to GBX 370 ($4.90) and gave the company a "buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.98) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded 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, Berenberg Bank decreased their price target on Hochschild Mining from GBX 210 ($2.78) to GBX 200 ($2.65) and set a "hold" rating for the company in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 290 ($3.84).

Hochschild Mining Trading Down 11.5 %

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 business has a 50 day simple moving average of GBX 241.31 and a two-hundred day simple moving average of GBX 222.54. The stock has a market cap of £1.75 billion, a price-to-earnings ratio of 57.55, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 8th will be paid a $0.02 dividend. 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 (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.

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