Hochschild Mining (LON:HOC) Shares Up 12.6% – Here’s Why

Hochschild Mining plc (LON:HOC) traded up 12.6% during mid-day trading on Thursday . The company traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). 3,533,057 shares changed 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 analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price for the company in a research note on Thursday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research note on Wednesday. Finally, Berenberg Bank cut their target price 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 273 ($3.53).

Hochschild Mining Stock Up 4.9 %

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 firm’s 50 day simple moving average is GBX 197.12 and its two-hundred day simple moving average is GBX 202.90. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 49.91, a PEG ratio of 0.41 and a beta of 1.08.

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.