Hochschild Mining (LON:HOC) Stock Price Up 4.9% - What's Next?

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Berenberg Bank reduced their price objective 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. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.70) price objective on shares of Hochschild Mining in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.90) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) target price for the company in a research report on Thursday, March 13th. 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, Hochschild Mining has an average rating of "Moderate Buy" and a consensus price target of GBX 273 ($3.55).

Hochschild Mining Stock Performance

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

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Hochschild Mining Cuts Dividend

The business also recently disclosed 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 is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining's dividend payout ratio is currently 85.32%.

About Hochschild Mining

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.