Hochschild Mining (LON:HOC) Trading 2.5% Higher – Here’s What Happened

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

Wall Street Analyst Weigh In

Several research firms have commented on HOC. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research report on Wednesday. Berenberg Bank reduced their price objective on 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. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Price Performance

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 stock 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 business has a 50-day moving average price of GBX 197.12 and a 200 day moving average price of GBX 202.90.

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.