Hochschild Mining (LON:HOC) Reaches New 12-Month High – Should You Buy?

Hochschild Mining plc (LON:HOC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 312.80 ($4.14) and last traded at GBX 303.60 ($4.02), with a volume of 2592120 shares. The stock had previously closed at GBX 303.60 ($4.02).

Analyst Ratings Changes

A number of equities research analysts have weighed in on HOC shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.77) target price on shares of Hochschild Mining in a research report on Wednesday, March 12th. Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.78) to GBX 200 ($2.65) and set a “hold” rating for the company in a research note on Wednesday, March 12th. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.57) price target on the stock in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.97) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.61).

Hochschild Mining Stock Performance

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 firm has a market capitalization of £2.04 billion, a PE ratio of 67.08, a P/E/G ratio of 0.41 and a beta of 1.08. The firm has a fifty day moving average price of GBX 228.87 and a 200 day moving average price of GBX 218.07.

Hochschild Mining Cuts Dividend

The company also recently declared 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. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining’s dividend payout ratio is currently 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.