Hochschild Mining (LON:HOC) Shares Down 10.8% – What’s Next?

Hochschild Mining plc (LON:HOC)’s share price dropped 10.8% during trading on Wednesday . The company traded as low as GBX 253.40 ($3.38) and last traded at GBX 272 ($3.63). Approximately 36,506,902 shares were traded during mid-day trading, an increase of 860% from the average daily volume of 3,803,515 shares. The stock had previously closed at GBX 305 ($4.07).

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 285 ($3.80) to GBX 370 ($4.94) and gave the stock a “buy” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 300 ($4.00) target price on shares of Hochschild Mining in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.60) price target for the company in a research note on Thursday, March 13th. Finally, Berenberg Bank dropped their price objective on shares of Hochschild Mining from GBX 210 ($2.80) to GBX 200 ($2.67) and set a “hold” rating on the stock in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 290 ($3.87).

Hochschild Mining Stock Performance

The company has a 50-day moving average of GBX 244.48 and a 200-day moving average of GBX 223.47. The company has a market cap of £1.75 billion, a PE ratio of 57.46, a PEG 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.

Hochschild Mining Cuts Dividend

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