Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 329.60 ($4.39) and last traded at GBX 327.06 ($4.35), with a volume of 9699742 shares traded. The stock had previously closed at GBX 310.60 ($4.14).
Analyst Upgrades and Downgrades
A number of research analysts have commented on HOC shares. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.60) target price on the stock in a research note on Thursday, March 13th. Berenberg Bank reduced their target price on shares of Hochschild Mining from GBX 210 ($2.80) to GBX 200 ($2.66) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Canaccord Genuity Group raised their price target on shares of Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.93) and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.99) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.86).
Get Our Latest Stock Report on Hochschild Mining
Hochschild Mining Stock Down 1.4 %
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 firm's fifty day moving average is GBX 246 and its 200 day moving average is GBX 224.04. The stock has a market cap of £1.74 billion, a P/E ratio of 57.15, a P/E/G ratio of 0.41 and a beta of 1.08.
Hochschild Mining Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 8th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining's payout ratio is 85.32%.
Insiders Place Their Bets
In related news, insider Eduardo Landin purchased 77,000 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of GBX 272 ($3.62) per share, for a total transaction of £209,440 ($278,881.49). Company insiders own 38.71% of the company's stock.
About Hochschild Mining
(
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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.
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