Hochschild Mining Plc (LON:HOC) declared a dividend on Wednesday, August 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 29th will be given a dividend of $0.02 per share on Thursday, September 19th. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, August 29th. This is a positive change from Hochschild Mining’s previous dividend of $0.02. The official announcement can be accessed at this link.
Shares of LON HOC traded down GBX 2.60 ($0.03) during midday trading on Wednesday, hitting GBX 219.40 ($2.87). The company’s stock had a trading volume of 676,140 shares, compared to its average volume of 1,380,000. Hochschild Mining has a 1-year low of GBX 146.65 ($1.92) and a 1-year high of GBX 224 ($2.93). The business has a fifty day simple moving average of GBX 204.75. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $1.14 billion and a price-to-earnings ratio of 87.76.
Several research analysts have recently commented on HOC shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Hochschild Mining in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Hochschild Mining from GBX 150 ($1.96) to GBX 170 ($2.22) and gave the company a “neutral” rating in a report on Friday, July 5th. Barclays lifted their price target on shares of Hochschild Mining from GBX 185 ($2.42) to GBX 195 ($2.55) and gave the company an “equal weight” rating in a report on Thursday, July 4th. Numis Securities decreased their price target on shares of Hochschild Mining from GBX 190 ($2.48) to GBX 180 ($2.35) and set a “hold” rating for the company in a report on Wednesday, May 1st. Finally, Berenberg Bank boosted their target price on shares of Hochschild Mining from GBX 165 ($2.16) to GBX 190 ($2.48) and gave the company a “sell” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 213.57 ($2.79).
Hochschild Mining plc, a precious metals company, explores for, mines, processes, and sells silver and gold in the Americas. The company also offers doré and concentrates. It holds a 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru; and Arcata, an underground operation located in the Department of Arequipa in southern Peru, as well as a 51% interest in the San Jose silver/gold mine is located in Argentina.
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