Hochschild Mining (LON:HOC) Trading 12.6% Higher – Still a Buy?

Hochschild Mining plc (LON:HOC)’s share price traded up 12.6% on Thursday . The stock traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). 3,533,057 shares were traded during mid-day 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 Analyst Weigh In

A number of research analysts have recently weighed in on HOC shares. Berenberg Bank dropped their price target on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 285 ($3.69) price target on shares of Hochschild Mining in a research report on Wednesday. Finally, 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. 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 a consensus rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.53).

Hochschild Mining Stock Performance

The company has a market capitalization of £1.52 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock’s fifty day simple moving average is GBX 197.12 and its 200-day simple moving average is GBX 202.90. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.