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

Shares of Hochschild Mining plc (LON:HOC) hit 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 trading hands. The stock had previously closed at GBX 266 ($3.40).

Analysts Set New Price Targets

HOC has been the topic of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 285 ($3.64) price objective on shares of Hochschild Mining in a report on Wednesday, March 12th. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.45) target price on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.83) target price on shares of Hochschild Mining in a report on Thursday, January 23rd. Finally, Berenberg Bank dropped their target price 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 273 ($3.49).

Hochschild Mining Price 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 stock has a 50 day moving average price of GBX 219.65 and a two-hundred day moving average price of GBX 215.04. The firm has a market capitalization 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 business also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors 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 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.