Hochschild Mining (LON:HOC) Trading Up 12.6% – Here’s Why

Hochschild Mining plc (LON:HOC) shares were up 12.6% during trading on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Analyst Upgrades and Downgrades

Several research analysts recently commented on HOC shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 300 ($3.89) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research report on Wednesday.

Hochschild Mining Trading Up 12.6 %

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 firm has a market cap of £1.40 billion, a P/E ratio of 46.07, a P/E/G ratio of 0.41 and a beta of 1.08. The company’s 50 day simple moving average is GBX 196.87 and its 200-day simple moving average is GBX 202.45.

About Hochschild Mining

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.