Hochschild Mining (LON:HOC) Stock Price Down 20.2% - Here's Why

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price fell 20.2% on Tuesday . The stock traded as low as GBX 234.80 ($3.18) and last traded at GBX 240.28 ($3.26). 53,298,516 shares changed hands during trading, an increase of 1,414% from the average session volume of 3,520,349 shares. The stock had previously closed at GBX 301.20 ($4.08).

Analysts Set New Price Targets

A number of research firms have recently issued reports on HOC. Canaccord Genuity Group lifted their price objective on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the stock a "buy" rating in a report on Thursday, April 17th. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) price objective for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 290 ($3.93).

Hochschild Mining Stock Performance

The company has a market cap of £1.51 billion, a P/E ratio of 49.53, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company's fifty day moving average is GBX 282.03 and its 200 day moving average is GBX 236.93. 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 disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be paid 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 (DPR) is currently 85.32%.

Insider Transactions at Hochschild Mining

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 acquired at an average cost of GBX 272 ($3.69) per share, with a total value of £209,440 ($283,832.50). Company insiders own 38.71% of the company's stock.

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.