Hochschild Mining plc (LON:HOC) Announces Dividend Increase – $0.02 Per Share

Hochschild Mining plc (LON:HOCGet Rating) declared a dividend on Wednesday, February 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 5th will be given a dividend of $0.02 per share on Tuesday, June 7th. This represents a yield of 1.66%. The ex-dividend date is Thursday, May 5th. This is a boost from Hochschild Mining’s previous dividend of $0.02. The official announcement can be seen at this link.

Shares of HOC opened at GBX 116.50 ($1.46) on Tuesday. Hochschild Mining has a 52-week low of GBX 68.25 ($0.85) and a 52-week high of GBX 205 ($2.56). The company has a market cap of £598.67 million and a PE ratio of 10.56. The business has a fifty day moving average of GBX 127.97 and a 200 day moving average of GBX 128.50. The company has a quick ratio of 2.24, a current ratio of 2.76 and a debt-to-equity ratio of 40.15.

HOC has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 200 ($2.50) price target on shares of Hochschild Mining in a research report on Monday. JPMorgan Chase & Co. raised their target price on Hochschild Mining from GBX 200 ($2.50) to GBX 210 ($2.62) and gave the stock an “overweight” rating in a research note on Tuesday, March 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 ($2.00) price target on shares of Hochschild Mining in a research note on Tuesday, April 26th. Finally, Barclays reissued an “overweight” rating and set a GBX 155 ($1.94) price objective on shares of Hochschild Mining in a research report on Monday, March 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 181.17 ($2.26).

Hochschild Mining Company Profile (Get Rating)

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver in the Americas. The company 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; a 51% interest in the San Jose silver/gold mine is located in Argentina; and Arcata, an underground operation located in the Department of Arequipa in southern Peru.

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Dividend History for Hochschild Mining (LON:HOC)

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