Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHochschild Share News (HOC)

Share Price Information for Hochschild (HOC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 158.40
Bid: 158.00
Ask: 158.40
Change: 3.20 (2.06%)
Spread: 0.40 (0.253%)
Open: 154.80
High: 159.00
Low: 154.40
Prev. Close: 155.20
HOC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: Hochschild Mining's results disappoint

Thu, 20th Apr 2023 10:09

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

----------

SMALL-CAP - WINNERS

----------

Rank Group, up 2.5% at 73 pence, 12-month range 52.4p-130.05p. The Casino-owner updates on its third quarter, which ended March 31. Like-for-like net gaming revenue grows 13% year-on-year to GBP174.4 million. Grosvenor venues sees NGR growth at 15%, with Mecca at 9%, Enracha at 8%, while Digital NGR jumps 16%. It raises its annual expectations to be at the upper end, or slightly ahead, of the GBP10 million to GBP20 million underlying LFL operating profit range previously provided. This is due to the strong performance in the third quarter, with the beginning of the fourth quarter "traditionally a quiet period" for its Grosvenor venues. "Despite the challenging macroeconomic environment, the investments we have been making to improve the customer experience in our venues have helped drive the improved performance across both Grosvenor and Mecca," says CEO John O'Reilly.

----------

SMALL-CAP - LOSERS

----------

Hochschild Mining PLC, down 13% at 78.59p, 12-month range 50.4p-138.2p. The Americas-focused silver and gold miner falls on a weaker annual performance. In 2022, total pretax profit shrinks to USD25.8 million from USD137.3 million, as revenue falls to USD735.6 million from USD811.4 million. Gold production falls to 206,010 ounces from 221,420 ounces, while silver production falls to 11.0 million from 12.2 million. Firm says the year was hit by "by a range of political, social and regulatory challenges", with precious metal prices seeing "considerable" volatility. Notes "healthy" cashflow, but swings to net debt of USD175.1 million at the end of December, from USD86.3 million net cash a year before.

----------

Wickes PLC, down 5.1% at 135.5p, 12-month range 111.1p-213.6p. The home improvement retailer's stock falls as it goes ex-dividend. Back in March, Wickes declared a final dividend of 7.3 pence per share, down 17% from 8.8p a year prior. The total year dividend of 10.9p per share was unchanged.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
24 Apr 2024 10:12

Hochschild Mining hails surge in quarterly gold production

(Alliance News) - Hochschild Mining PLC on Wednesday reported a surge in its gold output for the three months to March 31, and said it is on track to meet its full-year expectations.

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
24 Apr 2024 07:06

Hochschild reports solid production progress in first quarter

(Sharecast News) - Precious metals miner Hochschild Mining said in an update on Wednesday that it extracted 45,937 ounces of gold and two million ounces of silver in its first quarter, totaling 69,758 gold equivalent ounces and 5.8 million silver equivalent ounces.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
16 Apr 2024 09:48

LONDON BROKER RATINGS: RBC raises Admiral; Barclays cuts Phoenix Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

Read more
8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

Read more
8 Apr 2024 16:52

London close: Stocks rise at start of busy week

(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.

Read more
2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

Read more
2 Apr 2024 09:51

IN BRIEF: Hochschild Mining sells Crespo project for USD15 million

Hochschild Mining PLC - Gold and silver miner with operations in South America - Sells its Crespo project in southern Peru for USD15 million to Kina Mining Peru SAC. Chief Executive Officer Eduardo Landin says: "The sale of the Crespo project is consistent with our stated strategy of disciplined capital allocation and focusing on our core assets such as the Company's flagship Inmaculada mine and the new Royropata project, both in Peru, as well as the recently-completed Mara Rosa mine in Goias, Brazil."

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
13 Mar 2024 15:00

London close: Stocks mixed as UK economy returns to growth

(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.

Read more
13 Mar 2024 10:03

TOP NEWS: Hochschild Mining eyes gold output rise as turns to loss

(Alliance News) - Hochschild Mining PLC on Wednesday reported a swing to an annual loss due to exceptional costs, but it said it aims to ramp up gold production as the metal enjoys record prices.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.