Hochschild Mining (LON:HOC) Shares Up 12.6% – Time to Buy?

Hochschild Mining plc (LON:HOC) shot up 12.6% during mid-day trading on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 3,533,057 shares traded hands during trading, an increase of 25% from the average session volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 285 ($3.69) price target on shares of Hochschild Mining in a report on Wednesday. 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.

Hochschild Mining Stock Up 12.6 %

The company has a market cap of £1.40 billion, a P/E ratio of 46.07, a PEG ratio of 0.41 and a beta of 1.08. The firm’s 50-day simple moving average is GBX 196.83 and its 200 day simple moving average is GBX 202.25. 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.