Hochschild Mining (LON:HOC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Hochschild Mining plc (LON:HOC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 236.25 ($3.20) and traded as high as GBX 316 ($4.27). Hochschild Mining shares last traded at GBX 302.40 ($4.09), with a volume of 1,560,945 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the stock a “buy” rating in a report on Thursday, April 17th. Berenberg Bank cut their price target on Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.71) and set a “hold” rating for the company in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.65) price objective on the stock in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 290 ($3.92).

Hochschild Mining Trading Down 3.0%

The business has a 50 day moving average of GBX 281.43 and a 200-day moving average of GBX 236.25. The stock has a market cap of £1.96 billion, a PE ratio of 64.50, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

Hochschild Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be given a $0.02 dividend. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining’s dividend payout ratio is currently 85.32%.

Insider Activity at Hochschild Mining

In other news, insider Eduardo Landin bought 77,000 shares of the stock in a transaction on Thursday, April 24th. The stock was purchased at an average cost of GBX 272 ($3.68) per share, with a total value of £209,440 ($283,333.33). Corporate insiders own 38.71% of the company’s stock.

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.