Hochschild Mining (LON:HOC) Hits New 12-Month High – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 275 ($3.60) and last traded at GBX 275 ($3.60), with a volume of 1932410 shares traded. The stock had previously closed at GBX 264.50 ($3.47).

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.73) target price on shares of Hochschild Mining in a report on Wednesday, March 12th. Berenberg Bank dropped their price objective on shares of Hochschild Mining from GBX 210 ($2.75) to GBX 200 ($2.62) and set a “hold” rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.93) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.54) price target for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hochschild Mining has a consensus rating of “Moderate Buy” and an average price target of GBX 273 ($3.58).

Hochschild Mining Price Performance

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 company’s 50 day moving average price is GBX 207.72 and its 200-day moving average price is GBX 211.37. The company has a market cap of £1.78 billion, a price-to-earnings ratio of 58.45, a PEG ratio of 0.41 and a beta of 1.08.

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 dividend of $0.02 per share. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining’s dividend payout ratio (DPR) is presently 85.32%.

About Hochschild Mining

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.