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

Hochschild Mining plc (LON:HOC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 equities analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the company a “buy” rating in a research note 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 raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.65) price target on the stock in a report on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 290 ($3.92).

Hochschild Mining Trading Down 3.0%

The stock has a fifty day moving average of GBX 281.43 and a two-hundred day moving average of GBX 236.32. 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 company has a market capitalization of £1.96 billion, a PE ratio of 64.50, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

The firm 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 of this dividend is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining’s dividend payout ratio is currently 85.32%.

Insider Transactions at Hochschild Mining

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

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.