Hochschild Mining (LON:HOC) Share Price Crosses 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 Tuesday . The stock has a 200-day moving average of GBX 214.07 ($2.74) and traded as high as GBX 262.20 ($3.35). Hochschild Mining shares last traded at GBX 260.60 ($3.33), with a volume of 80,827,422 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HOC. Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.45) price target for the company in a research report on Thursday, March 13th. Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.68) to GBX 200 ($2.56) and set a “hold” rating for the company in a research report on Wednesday, March 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.64) price target on shares of Hochschild Mining in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.83) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 273 ($3.49).

Hochschild Mining Price Performance

The company has a 50-day moving average of GBX 216.13 and a 200-day moving average of GBX 214.07. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock has a market cap of £1.69 billion, a price-to-earnings ratio of 55.59, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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

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.