Hochschild Mining (LON:HOC) Stock Price Up 4.9% - Time to Buy?

Hochschild Mining plc (LON:HOC - Get Free Report) shares rose 4.9% during trading 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 traded hands during mid-day 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).

Analyst Ratings Changes

HOC has been the topic of several analyst reports. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price objective on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.90) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd. Berenberg Bank cut their target price on Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.70) target price on shares of Hochschild Mining in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Hochschild Mining presently has an average rating of "Moderate Buy" and an average price target of GBX 273 ($3.55).

Hochschild Mining Stock Down 0.2 %

The company has a 50 day moving average of GBX 197.77 and a 200-day moving average of GBX 203.40. 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 P/E 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 disclosed a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be given 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 payout ratio is 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.