Hochschild Mining (LON:HOC) Trading 12.6% Higher – Should You Buy?

Shares of Hochschild Mining plc (LON:HOC) rose 12.6% during trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Analyst Ratings Changes

A number of equities analysts have weighed in on HOC shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd.

Hochschild Mining Stock Up 12.6 %

The stock has a market cap of £1.40 billion, a P/E ratio of 46.07, 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 company has a 50-day simple moving average of GBX 196.83 and a two-hundred day simple moving average of GBX 202.25.

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.