Hochschild Mining (LON:HOC) Shares Cross Above 200-Day Moving Average - Time to Sell?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 231.26 ($3.14) and traded as high as GBX 281.24 ($3.82). Hochschild Mining shares last traded at GBX 273.20 ($3.71), with a volume of 1,422,632 shares changing hands.

Wall Street Analyst Weigh In

HOC has been the subject of a number of recent research reports. Berenberg Bank cut their target price on shares of Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating for the company in a report on Wednesday, March 12th. Canaccord Genuity Group boosted their price objective on shares of Hochschild Mining from GBX 285 ($3.87) to GBX 370 ($5.02) and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) price objective on the stock in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hochschild Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.93).

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm has a market cap of £1.79 billion, a P/E ratio of 58.66, a PEG ratio of 0.41 and a beta of 1.08. The stock's 50-day simple moving average is GBX 277.95 and its two-hundred day simple moving average is GBX 232.27.

Hochschild Mining Cuts Dividend

The business also recently announced 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. 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 is currently 85.32%.

Insider Activity

In related news, insider Eduardo Landin bought 77,000 shares of the stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of GBX 272 ($3.69) per share, with a total value of £209,440 ($284,179.10). 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.