Hochschild Mining (LON:HOC) Sets New 12-Month High – Here’s Why

Shares of Hochschild Mining plc (LON:HOC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 252 ($3.28) and last traded at GBX 248.12 ($3.23), with a volume of 7647831 shares trading hands. The stock had previously closed at GBX 234 ($3.04).

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HOC shares. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.90) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.71) price objective on shares of Hochschild Mining in a report on Wednesday, March 12th. Royal Bank of Canada raised shares of 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. Finally, Berenberg Bank cut their price objective on shares of Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a “hold” rating on the stock in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 273 ($3.55).

Hochschild Mining Trading Down 2.6 %

The company has a market capitalization of £1.58 billion, a price-to-earnings ratio of 52.05, a P/E/G ratio of 0.41 and a beta of 1.08. 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 company’s 50 day simple moving average is GBX 198.42 and its two-hundred day simple moving average is GBX 203.91.

Hochschild Mining Cuts Dividend

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