Hochschild Mining (LON:HOC) Shares Up 2.5% – Here’s Why

Hochschild Mining plc (LON:HOC) shot up 2.5% during mid-day trading on Thursday . The stock traded as high as GBX 227 ($2.94) and last traded at GBX 221.50 ($2.87). 3,194,931 shares were traded during mid-day trading, an increase of 12% from the average session volume of 2,844,328 shares. The stock had previously closed at GBX 216 ($2.79).

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HOC. 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 note on Thursday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed 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. Finally, Berenberg Bank decreased their price target 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 note on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hochschild Mining has an average rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.53).

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The firm 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 firm’s 50 day moving average price is GBX 197.12 and its two-hundred day moving average price is GBX 202.90.

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.