Hochschild Mining (LON:HOC) Hits New 1-Year High – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 265.59 ($3.44) and last traded at GBX 262.59 ($3.40), with a volume of 34053961 shares trading hands. The stock had previously closed at GBX 257 ($3.33).

Analysts Set New Price Targets

A number of analysts recently weighed in on HOC shares. Berenberg Bank decreased their target price on shares of Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a report on Wednesday, March 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 285 ($3.69) price target on shares of Hochschild Mining in a report on Wednesday, March 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) target price for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 273 ($3.53).

Hochschild Mining Stock Up 1.7 %

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 stock has a market cap of £1.73 billion, a P/E ratio of 56.85, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock’s fifty day moving average price is GBX 201.88 and its 200 day moving average price is GBX 207.04.

Hochschild Mining Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be given 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%.

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.