Hochschild Mining (LON:HOC) Shares Up 12.6% – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price rose 12.6% during 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 topic of several recent analyst reports. Berenberg Bank reduced their target price on shares of Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price on the stock in a research note on Thursday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the 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 Trading Up 4.9 %

The company’s 50-day moving average is GBX 197.12 and its 200-day moving average is GBX 202.90. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.