Hochschild Mining (LON:HOC) Shares Down 22.9% – What’s Next?

Hochschild Mining plc (LON:HOC) shares dropped 22.9% on Tuesday . The company traded as low as GBX 231 ($3.13) and last traded at GBX 232.20 ($3.15). Approximately 6,863,396 shares were traded during mid-day trading, an increase of 122% from the average daily volume of 3,098,211 shares. The stock had previously closed at GBX 301.20 ($4.08).

Wall Street Analyst Weigh In

HOC has been the subject of several research analyst reports. Berenberg Bank dropped their price objective on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating for the company in a research note on Wednesday, March 12th. Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) price target on the stock in a report on Thursday, March 13th. Finally, Canaccord Genuity Group increased their price target on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the company a “buy” rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 290 ($3.93).

Hochschild Mining Trading Down 22.9%

The firm has a market cap of £1.51 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The business has a 50 day moving average of GBX 282.03 and a 200 day moving average of GBX 236.93. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

Hochschild Mining Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be paid 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 is currently 85.32%.

Insiders Place Their Bets

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of Hochschild Mining stock in a transaction on Thursday, April 24th. The shares were bought at an average price of GBX 272 ($3.69) per share, with a total value of £209,440 ($283,832.50). 38.71% of the stock is owned by corporate 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.