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

Hochschild Mining plc (LON:HOC)’s share price 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 traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOC. Canaccord Genuity Group boosted their price target on shares of Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the stock a “buy” rating in a research note on Thursday, April 17th. 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. Berenberg Bank lowered 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. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 290 ($3.86).

Hochschild Mining Price Performance

The business’s 50-day simple moving average is GBX 268.53 and its 200-day simple moving average is GBX 229.66. The stock 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.

Hochschild Mining Cuts Dividend

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

Insider Buying and Selling at Hochschild Mining

In related news, insider Eduardo Landin purchased 77,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average cost of GBX 272 ($3.62) per share, with a total value 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.