Hochschild Mining (LON:HOC) Reaches New 12-Month High - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 279.60 ($3.69) and last traded at GBX 274.98 ($3.63), with a volume of 6180279 shares changing hands. The stock had previously closed at GBX 266 ($3.51).

Analyst Ratings Changes

Several equities analysts have recently issued reports on HOC shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.96) price objective on shares of Hochschild Mining in a research note on Thursday, January 23rd. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.56) price objective for the company in a research note on Thursday, March 13th. Berenberg Bank cut their target price on Hochschild Mining from GBX 210 ($2.77) to GBX 200 ($2.64) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 285 ($3.76) target price on shares of Hochschild Mining in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 273 ($3.60).

Hochschild Mining Stock Performance

The stock has a market capitalization of £1.97 billion, a PE ratio of 64.76, a P/E/G 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 firm has a 50 day moving average of GBX 226.49 and a 200-day moving average of GBX 217.34.

Hochschild Mining Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be given 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 85.32%.

About Hochschild Mining

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.