Hochschild Mining (LON:HOC) Trading Up 4.9% – Time to Buy?

Hochschild Mining plc (LON:HOC)’s stock price shot up 4.9% during mid-day trading on Friday . The stock traded as high as GBX 241 ($3.12) and last traded at GBX 234 ($3.03). 2,321,971 shares were traded during trading, a decline of 18% from the average session volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.89).

Wall Street Analysts Forecast Growth

HOC has been the topic of several recent analyst reports. Berenberg Bank cut their price objective 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 report on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.89) price objective on shares of Hochschild Mining in a research note on Thursday, January 23rd. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) price objective for the company in a report on Thursday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a report 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 currently has an average rating of “Moderate Buy” and an average target price of GBX 273 ($3.54).

Hochschild Mining Stock Performance

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 quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The business’s 50-day simple moving average is GBX 196.90 and its two-hundred day simple moving average is GBX 202.68.

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.