Hochschild Mining (LON:HOC) Stock Price Up 12.6% – Time to Buy?

Hochschild Mining plc (LON:HOC)’s share price was 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 changed hands during trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analyst Weigh In

Several analysts recently commented on HOC shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 285 ($3.69) target price on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Trading Up 12.6 %

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock 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 has a 50-day simple moving average of GBX 196.83 and a 200-day simple moving average of GBX 202.25.

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.