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

Hochschild Mining plc (LON:HOC)’s stock price was up 12.6% during mid-day trading on Thursday . 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 trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HOC shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.89) target price on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.70) target price on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Price Performance

The stock has a 50 day moving average of GBX 196.87 and a two-hundred day moving average of GBX 202.45. The stock has a market cap of £1.40 billion, a PE ratio of 46.07, a PEG ratio of 0.41 and a beta of 1.08. 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.