Hochschild Mining (LON:HOC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Hochschild Mining plc (LON:HOC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 209.92 ($2.73) and traded as high as GBX 274.39 ($3.56). Hochschild Mining shares last traded at GBX 264.50 ($3.43), with a volume of 2,261,870 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.90) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 285 ($3.70) price objective on shares of Hochschild Mining in a research report on Wednesday, March 12th. Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.51) price target on the stock in a research note on Thursday, March 13th. Finally, Berenberg Bank lowered their target price on Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a “hold” rating for the company in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 273 ($3.54).

Hochschild Mining Trading Down 1.3 %

The company has a 50-day simple moving average of GBX 206.16 and a 200 day simple moving average of GBX 210.69. The firm has a market cap of £1.76 billion, a PE ratio of 57.89, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

Hochschild Mining Cuts Dividend

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