Hochschild Mining (LON:HOC) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 231.26 ($3.10) and traded as high as GBX 281.24 ($3.77). Hochschild Mining shares last traded at GBX 273.20 ($3.66), with a volume of 1,422,632 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HOC shares. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 285 ($3.82) to GBX 370 ($4.96) and gave the company a "buy" rating in a report on Thursday, April 17th. Berenberg Bank reduced their target price on Hochschild Mining from GBX 210 ($2.82) to GBX 200 ($2.68) and set a "hold" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.62) target price on the stock in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($4.02) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 290 ($3.89).

Hochschild Mining Stock Up 0.5%

The company has a market capitalization of £1.78 billion, a P/E ratio of 58.59, a PEG ratio of 0.41 and a beta of 1.08. 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 stock has a 50 day moving average price of GBX 275.89 and a 200 day moving average price of GBX 231.26.

Hochschild Mining Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 8th will be given a dividend of $0.02 per share. This represents a 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 Buying and Selling

In related news, insider Eduardo Landin bought 77,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of GBX 272 ($3.65) per share, with a total value of £209,440 ($280,863.62). 38.71% of the stock is owned by corporate insiders.

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.

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