Hochschild Mining (LON:HOC) Trading Up 12.6% – Still a Buy?

Hochschild Mining plc (LON:HOC) rose 12.6% during mid-day trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares traded 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).

Analysts Set New Price Targets

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

Hochschild Mining Price Performance

The firm has a market capitalization 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 firm’s 50 day simple moving average is GBX 196.83 and its two-hundred day simple moving average is GBX 202.25. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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.