Hochschild Mining plc Declares Dividend of $0.02 (LON:HOC)

Hochschild Mining plc (LON:HOC - Get Free Report) declared 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 of this dividend is Thursday, May 8th. The official announcement can be seen at this link.

Hochschild Mining Trading Up 6.6 %

LON HOC opened at GBX 292.20 ($3.88) on Tuesday. Hochschild Mining has a one year low of GBX 152.40 ($2.03) and a one year high of GBX 333.80 ($4.44). The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm has a market cap of £1.90 billion, a P/E ratio of 62.33, a P/E/G ratio of 0.41 and a beta of 1.08. The stock's 50-day moving average is GBX 256.48 and its 200-day moving average is GBX 227.50.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HOC. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.59) price target on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.99) target price on shares of Hochschild Mining in a report on Thursday, January 23rd. Berenberg Bank lowered 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. Finally, Canaccord Genuity Group lifted their target price on Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the stock a "buy" rating in a research note on Thursday, April 17th. 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 290 ($3.85).

Insider Activity at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin bought 77,000 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of GBX 272 ($3.62) per share, for a total transaction of £209,440 ($278,399.57). 38.71% of the stock is currently 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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