Hochschild Mining (LON:HOC) Trading 12.6% Higher – Time to Buy?

Shares of Hochschild Mining plc (LON:HOC) were up 12.6% during trading on Wednesday . The stock 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 ($2.49).

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HOC. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.70) price objective on shares of Hochschild Mining in a research report 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.

Hochschild Mining Stock Up 12.6 %

The firm’s fifty day simple moving average is GBX 196.87 and its 200 day simple moving average is GBX 202.45. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.40 billion, a price-to-earnings ratio of 46.07, a PEG 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.