Hochschild Mining (LON:HOC) Sets New 1-Year High – Here’s What Happened

Hochschild Mining plc (LON:HOC) shares reached a new 52-week high on Thursday . The company traded as high as GBX 279.60 ($3.57) and last traded at GBX 274.98 ($3.51), with a volume of 6180279 shares traded. The stock had previously closed at GBX 266 ($3.40).

Analysts Set New Price Targets

A number of research firms recently weighed in on HOC. Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.64) price target on shares of Hochschild Mining in a report on Wednesday, March 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.83) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.68) to GBX 200 ($2.56) and set a “hold” rating on the stock in a report on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.45) price target on the stock in a report on Thursday, March 13th. One equities research 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 an average rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.49).

Hochschild Mining Stock Up 2.6 %

The firm has a fifty day moving average price of GBX 219.65 and a 200-day moving average price of GBX 215.04. 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 firm has a market cap of £1.77 billion, a price-to-earnings ratio of 58.23, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.02 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, May 8th. Hochschild Mining’s dividend payout ratio (DPR) 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.