Canaccord Genuity Group Issues Positive Forecast for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its price objective hoisted by Canaccord Genuity Group from GBX 285 ($3.78) to GBX 370 ($4.91) in a report issued on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

HOC has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.98) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. Berenberg Bank reduced their target price on Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.65) and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.58) price objective for the company in a research 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 company’s stock. According to MarketBeat, Hochschild Mining currently has an average rating of “Moderate Buy” and an average price target of GBX 290 ($3.85).

Hochschild Mining Price Performance

Hochschild Mining stock opened at GBX 315.66 ($4.19) on Thursday. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a 50-day moving average price of GBX 234.07 and a 200 day moving average price of GBX 219.68. Hochschild Mining has a 12-month low of GBX 144.01 ($1.91) and a 12-month high of GBX 324 ($4.30). The stock has a market cap of £2.05 billion, a P/E ratio of 67.33, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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