Hochschild Mining (LON:HOC) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 233.14 ($3.14) and traded as high as GBX 277 ($3.73). Hochschild Mining shares last traded at GBX 273.40 ($3.68), with a volume of 4,325,550 shares.

Wall Street Analyst Weigh In

HOC has been the topic of several research analyst reports. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.63) target price on the stock in a research report on Thursday, March 13th. Berenberg Bank reduced their target price on shares of Hochschild Mining from GBX 210 ($2.83) to GBX 200 ($2.69) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Hochschild Mining from GBX 285 ($3.83) to GBX 370 ($4.98) and gave the stock a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.90).

Hochschild Mining Stock Up 0.4%

The firm has a market cap of £1.78 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 0.41 and a beta of 1.08. The firm's fifty day moving average is GBX 279.05 and its two-hundred day moving average is GBX 233.55. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Hochschild Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 8th will be issued a $0.02 dividend. This represents a yield of 0.6%. The ex-dividend date is Thursday, May 8th. Hochschild Mining's payout ratio is currently 85.32%.

Insider Buying and Selling at Hochschild Mining

In other news, insider Eduardo Landin acquired 77,000 shares of Hochschild Mining stock in a transaction on Thursday, April 24th. The stock was bought at an average cost of GBX 272 ($3.66) per share, with a total value of £209,440 ($281,808.40). 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.