Hochschild Mining (LON:HOC) Hits New 12-Month High – Here’s Why

Shares of Hochschild Mining plc (LON:HOC) hit a new 52-week high on Tuesday . The company traded as high as GBX 275 ($3.60) and last traded at GBX 275 ($3.60), with a volume of 1932410 shares changing hands. The stock had previously closed at GBX 264.50 ($3.47).

Analysts Set New Price Targets

Several equities research analysts have issued reports on HOC shares. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.54) price objective for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.93) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.75) to GBX 200 ($2.62) and set a “hold” rating for the company in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.73) price objective on shares of Hochschild Mining in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 273 ($3.58).

Hochschild Mining Stock Performance

The firm has a market capitalization of £1.78 billion, a price-to-earnings ratio of 58.45, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock’s fifty day moving average is GBX 207.72 and its two-hundred day moving average is GBX 211.37.

Hochschild Mining Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.02 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, May 8th. 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.