Hochschild Mining (LON:HOC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Hochschild Mining plc (LON:HOC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 229.39 ($3.05) and traded as high as GBX 285 ($3.79). Hochschild Mining shares last traded at GBX 279.80 ($3.72), with a volume of 2,550,885 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HOC. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.99) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Berenberg Bank decreased their price target on shares of Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.66) 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 ($3.59) price target for the company in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the stock a “buy” rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 290 ($3.86).

Hochschild Mining Trading Down 0.1%

The firm has a market cap of £1.81 billion, a PE ratio of 59.60, a PEG ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock’s fifty day simple moving average is GBX 268.53 and its two-hundred day simple moving average is GBX 229.66.

Hochschild Mining Cuts Dividend

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

Insiders Place Their Bets

In other Hochschild Mining news, insider Eduardo Landin acquired 77,000 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.62) per share, for a total transaction of £209,440 ($278,733.03). Corporate insiders own 38.71% of the company’s stock.

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.