Hochschild Mining (LON:HOC) Trading Down 10.8% - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price traded down 10.8% during mid-day trading on Wednesday . The stock traded as low as GBX 253.40 ($3.36) and last traded at GBX 272 ($3.60). 36,506,902 shares changed hands during mid-day trading, an increase of 860% from the average session volume of 3,803,515 shares. The stock had previously closed at GBX 305 ($4.04).

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Down 10.4 %

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 firm has a market cap of £1.77 billion, a P/E ratio of 58.30, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50 day simple moving average of GBX 241.31 and a 200-day simple moving average of GBX 222.54.

Hochschild Mining Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 8th will be paid a dividend of $0.02 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 8th. Hochschild Mining's payout ratio 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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