Hochschild Mining (LON:HOC) Trading Up 12.4% – Should You Buy?

Shares of Hochschild Mining plc (LON:HOC) shot up 12.4% during mid-day trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 215.50 ($2.79). 3,271,029 shares changed hands during trading, an increase of 15% from the average session volume of 2,832,075 shares. The stock had previously closed at GBX 191.80 ($2.48).

Analyst Ratings Changes

HOC has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group decreased their price objective on Hochschild Mining from GBX 310 ($4.01) to GBX 285 ($3.69) and set a “buy” rating on the stock in a research report on Thursday, January 23rd.

Hochschild Mining Stock Up 12.9 %

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.41 billion, a P/E ratio of 46.19, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm’s 50 day moving average price is GBX 196.83 and its 200-day moving average price is GBX 202.25.

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.