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

Hochschild Mining plc (LON:HOC) crossed 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.

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Down 3.0%

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

Hochschild Mining Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining’s dividend payout ratio (DPR) is 85.32%.

Insiders Place Their Bets

In related news, insider Eduardo Landin acquired 77,000 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of GBX 272 ($3.68) per share, with a total value of £209,440 ($283,333.33). 38.71% of the stock is owned by insiders.

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.