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

Hochschild Mining plc (LON:HOC - Get Free Report) 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 were traded during mid-day 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).

Analyst Ratings Changes

A number of brokerages have recently weighed in on HOC. Royal Bank of Canada upgraded 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. Canaccord Genuity Group raised their price target on Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Berenberg Bank reduced their price objective on shares of 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. 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 an average price target of GBX 290 ($3.93).

Hochschild Mining Price Performance

The stock has a market cap of £1.51 billion, a PE ratio of 49.53, a P/E/G ratio of 0.41 and a beta of 1.08. The business has a fifty day simple moving average of GBX 282.03 and a two-hundred day simple moving average of 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 company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining's dividend payout ratio is presently 85.32%.

Insider Buying and Selling

In other Hochschild Mining news, insider Eduardo Landin acquired 77,000 shares of the business's stock in a transaction on Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($283,832.50). 38.71% of the stock is owned by insiders.

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.