Hochschild Mining (LON:HOC) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 236.25 ($3.19) and traded as high as GBX 316 ($4.27). Hochschild Mining shares last traded at GBX 302.40 ($4.08), with a volume of 1,560,945 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) price objective on the stock in a research report on Thursday, March 13th. Berenberg Bank lowered their target price on shares of Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Finally, Canaccord Genuity Group increased their target price on Hochschild Mining from GBX 285 ($3.85) to GBX 370 ($5.00) and gave the company a "buy" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.92).

Hochschild Mining Price Performance

The stock has a market capitalization of £1.51 billion, a price-to-earnings ratio of 49.53, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock has a fifty day moving average of GBX 282.03 and a 200-day moving average of GBX 236.93.

Hochschild Mining Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining's dividend payout ratio is presently 85.32%.

Insider Activity

In other news, insider Eduardo Landin bought 77,000 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.67) per share, for a total transaction of £209,440 ($282,759.55). Company insiders own 38.71% of the company's stock.

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.