Hochschild Mining (LON:HOC) Reaches New 1-Year High – Time to Buy?

Hochschild Mining plc (LON:HOC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 275 ($3.55) and last traded at GBX 275 ($3.55), with a volume of 1932410 shares traded. The stock had previously closed at GBX 264.50 ($3.42).

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) price target on the stock in a research note on Thursday, March 13th. Berenberg Bank reduced their target price on Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.58) and set a “hold” rating for the company in a research note on Wednesday, March 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 285 ($3.68) price target on shares of Hochschild Mining in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 273 ($3.53).

Hochschild Mining Price Performance

The stock has a market capitalization of £1.79 billion, a P/E ratio of 58.66, a PEG ratio of 0.41 and a beta of 1.08. The company has a 50 day moving average of GBX 205.24 and a 200-day moving average of GBX 209.92. 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 firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be issued a $0.02 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 8th. Hochschild Mining’s dividend payout ratio (DPR) 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.