Hochschild Mining (LON:HOC) Trading 12.6% Higher – Here’s Why

Hochschild Mining plc (LON:HOC) shot up 12.6% during mid-day trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 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 ($2.49).

Analysts Set New Price Targets

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

Hochschild Mining Stock Performance

The business has a fifty day simple moving average of GBX 196.83 and a two-hundred day simple moving average of GBX 202.25. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The company has a market cap of £1.40 billion, a PE ratio of 46.07, a price-to-earnings-growth 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.