Hochschild Mining (LON:HOC) Trading Up 12.6% – Should You Buy?

Hochschild Mining plc (LON:HOC)’s share price rose 12.6% during mid-day trading on Thursday . The stock traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). Approximately 3,533,057 shares traded hands 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 ($2.48).

Wall Street Analyst Weigh In

HOC has been the subject of several research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) price objective for the company in a research report on Thursday. Berenberg Bank lowered their price objective on shares of 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 reissued a “buy” rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 273 ($3.53).

Hochschild Mining Price Performance

The firm’s 50-day moving average price is GBX 197.12 and its two-hundred day moving average price is GBX 202.90. The stock has a market cap of £1.52 billion, a PE ratio of 49.91, a PEG ratio of 0.41 and a beta of 1.08. 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.