Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price dropped 9.4% during mid-day trading on Wednesday . The stock traded as low as GBX 253.40 ($3.37) and last traded at GBX 276.38 ($3.68). Approximately 36,603,004 shares were traded during trading, an increase of 862% from the average daily volume of 3,804,916 shares. The stock had previously closed at GBX 305 ($4.06).
Wall Street Analyst Weigh In
A number of research analysts have weighed in on HOC shares. Canaccord Genuity Group raised their price objective on shares of Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the company a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.59) price objective for the company in a research note on Thursday, March 13th. Berenberg Bank cut their price objective on shares of Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.66) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 300 ($3.99) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.86).
View Our Latest Report on Hochschild Mining
Hochschild Mining Price Performance
The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.77 billion, a PE ratio of 58.23, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50-day simple moving average of GBX 246 and a 200 day simple moving average of GBX 224.35.
Hochschild Mining Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be issued a $0.02 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 8th. Hochschild Mining's dividend payout ratio (DPR) is currently 85.32%.
Insider Buying and Selling at Hochschild Mining
In related news, insider Eduardo Landin bought 77,000 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of GBX 272 ($3.62) per share, with a total value of £209,440 ($278,547.68). 38.71% of the stock is owned by insiders.
About Hochschild Mining
(
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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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