Hochschild Mining (LON:HOC) Stock Passes Above 200 Day Moving Average – Here’s Why

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.

Wall Street Analyst Weigh In

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

Hochschild Mining Price Performance

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 cap of £1.96 billion, a P/E ratio of 64.50, a PEG ratio of 0.41 and a beta of 1.08. The firm has a 50-day simple moving average of GBX 281.43 and a 200-day simple moving average of GBX 236.32.

Hochschild Mining Cuts Dividend

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

Insider Buying and Selling at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.68) per share, for a total transaction of £209,440 ($283,333.33). 38.71% of the stock is currently owned by company insiders.

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.