Hochschild Mining (LON:HOC) Reaches New 52-Week High – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price reached a new 52-week high on Friday . The company traded as high as GBX 200.50 ($2.62) and last traded at GBX 199.60 ($2.61), with a volume of 5386808 shares trading hands. The stock had previously closed at GBX 190.40 ($2.49).

Analyst Upgrades and Downgrades

HOC has been the topic of several analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.62) target price on shares of Hochschild Mining in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 250 ($3.27) price objective on shares of Hochschild Mining in a research report on Thursday, August 29th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 220 ($2.88) target price on shares of Hochschild Mining in a research report on Wednesday, August 28th.

Hochschild Mining Stock Up 5.0 %

The company has a market capitalization of £1.03 billion, a PE ratio of 3,808.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company’s fifty day moving average is GBX 177.96 and its 200-day moving average is GBX 170.22. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

About Hochschild Mining

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.