Hochschild Mining plc (LON:HOC) Announces $0.02 Dividend

Hochschild Mining plc (LON:HOC - Get Free Report) announced a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 8th will be given a dividend of $0.02 per share on Wednesday, June 18th. This represents a yield of 0.6%. The ex-dividend date is Thursday, May 8th. The official announcement can be viewed at this link.

Hochschild Mining Trading Down 0.5 %

LON:HOC traded down GBX 1.40 ($0.02) on Friday, hitting GBX 290.60 ($3.87). 2,109,463 shares of the stock were exchanged, compared to its average volume of 3,256,613. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. Hochschild Mining has a 52 week low of GBX 155.40 ($2.07) and a 52 week high of GBX 333.80 ($4.44). The stock has a market capitalization of £1.89 billion, a price-to-earnings ratio of 61.99, a P/E/G ratio of 0.41 and a beta of 1.08. The company's 50-day moving average price is GBX 265.24 and its 200 day moving average price is GBX 229.12.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Berenberg Bank reduced their price target on Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.66) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($3.99) target price on shares of Hochschild Mining in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.59) target price on the stock in a report on Thursday, March 13th. Finally, Canaccord Genuity Group boosted their price target on Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the stock a "buy" rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hochschild Mining has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.86).

Insider Activity at Hochschild Mining

In related news, insider Eduardo Landin bought 77,000 shares of the company's stock in a transaction on Thursday, April 24th. The stock was acquired at an average cost of GBX 272 ($3.62) per share, for a total transaction of £209,440 ($278,621.79). 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.