Hochschild Mining (LON:HOC) Shares Up 12.6% – Still a Buy?

Hochschild Mining plc (LON:HOC)’s share price was up 12.6% during trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares changed hands 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 ($2.48).

Wall Street Analyst Weigh In

HOC has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 285 ($3.69) target price on shares of Hochschild Mining in a report on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The business’s fifty day moving average price is GBX 196.83 and its two-hundred day moving average price is GBX 202.25. The stock has a market capitalization of £1.40 billion, a P/E ratio of 46.07, a P/E/G ratio of 0.41 and a beta of 1.08.

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.