Hochschild Mining (LON:HOC) Shares Up 4.9% – Still a Buy?

Hochschild Mining plc (LON:HOC)’s stock price rose 4.9% on Friday . The stock traded as high as GBX 241 ($3.12) and last traded at GBX 234 ($3.03). Approximately 2,321,971 shares changed hands during trading, a decline of 18% from the average daily volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.89).

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HOC shares. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) price target on the stock in a research note on Thursday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.89) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 285 ($3.69) price target on shares of Hochschild Mining in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.54).

Hochschild Mining Price Performance

The firm has a market capitalization of £1.52 billion, a PE ratio of 49.91, a P/E/G ratio of 0.41 and a beta of 1.08. The firm’s fifty day moving average price is GBX 196.90 and its 200 day moving average price is GBX 202.68. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

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.