Hochschild Mining (LON:HOC) Hits New 52-Week High – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 252 ($3.26) and last traded at GBX 248.12 ($3.21), with a volume of 7647831 shares traded. The stock had previously closed at GBX 234 ($3.02).

Analysts Set New Price Targets

HOC has been the subject of a number of recent analyst reports. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.59) and set a “hold” rating for the company in a research note on Wednesday, March 12th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.68) target price on shares of Hochschild Mining in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price for the company in a research note on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Stock Performance

The firm has a market cap of £1.62 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50 day moving average of GBX 197.12 and a 200 day moving average of GBX 203.01. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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.