Hochschild Mining plc (LON:HOC – Get Free Report) shares rose 12.4% during mid-day trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 215.50 ($2.79). Approximately 3,271,029 shares traded hands during trading, an increase of 15% from the average daily volume of 2,832,075 shares. The stock had previously closed at GBX 191.80 ($2.48).
Wall Street Analyst Weigh In
HOC has been the subject of a number of recent analyst reports. Berenberg Bank lowered 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. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.89) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research note on Wednesday. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) target price for the company in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 273 ($3.54).
Read Our Latest Stock Analysis on Hochschild Mining
Hochschild Mining Trading Up 4.7 %
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.
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