Hochschild Mining (LON:HOC) Shares Up 7.2% – Should You Buy?

Shares of Hochschild Mining plc (LON:HOC) were up 7.2% during trading on Friday . The stock traded as high as GBX 239.50 ($3.10) and last traded at GBX 239 ($3.10). Approximately 7,378,626 shares changed hands during trading, an increase of 153% from the average daily volume of 2,911,943 shares. The stock had previously closed at GBX 223 ($2.89).

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HOC shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research note on Wednesday. Berenberg Bank lowered their price objective 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. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) target price on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 273 ($3.54).

Hochschild Mining Price Performance

The company has a market cap of £1.52 billion, a PE ratio of 49.88, a PEG ratio of 0.41 and a beta of 1.08. The firm’s 50-day moving average is GBX 196.90 and its 200-day moving average is GBX 202.68. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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.