Hochschild Mining - HOC Share Forecast, Price & News

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver in the Americas. It holds 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru. The company also holds a 51% interest in the San Jose silver/gold mine located in Argentina. In addition, it has a portfolio of projects located across Peru, Argentina, Mexico, United States, Canada, Brazil, and Chile. Further, the company is involved in the power generation and sales business. Hochschild Mining plc was founded in 1911 and is based in London, the United Kingdom.

Wall Street Analyst Weigh In

Several research analysts recently commented on HOC shares. JPMorgan Chase & Co. dropped their target price on shares of Hochschild Mining from GBX 185 ($2.24) to GBX 180 ($2.17) and set an "overweight" rating on the stock in a report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a GBX 200 ($2.42) price objective on shares of Hochschild Mining in a report on Monday, May 2nd. Berenberg Bank restated a "hold" rating and set a GBX 100 ($1.21) price objective on shares of Hochschild Mining in a report on Thursday. Finally, Barclays dropped their price objective on shares of Hochschild Mining from GBX 165 ($1.99) to GBX 140 ($1.69) and set an "overweight" rating on the stock in a report on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hochschild Mining presently has an average rating of "Moderate Buy" and an average target price of GBX 163.67 ($1.98).

Hochschild Mining Price Performance

Shares of Hochschild Mining stock traded down GBX 1.70 ($0.02) during trading on Thursday, hitting GBX 73.25 ($0.89). 1,985,258 shares of the company's stock traded hands, compared to its average volume of 1,867,241. The company has a debt-to-equity ratio of 40.15, a current ratio of 2.76 and a quick ratio of 2.36. The firm's fifty day moving average price is GBX 88.01 and its 200 day moving average price is GBX 107.69. Hochschild Mining has a twelve month low of GBX 68.25 ($0.82) and a twelve month high of GBX 175.68 ($2.12). The company has a market cap of £376.41 million and a PE ratio of 665.91.

Hochschild Mining Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, September 1st. This represents a dividend yield of 1.98%. Hochschild Mining's dividend payout ratio (DPR) is currently 38.56%.