Hochschild Mining (LON:HOC) Trading Up 11.6% – Still a Buy?

Hochschild Mining plc (LON:HOC) shares were up 11.6% during trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 214 ($2.77). Approximately 3,920,262 shares changed hands during trading, an increase of 38% from the average daily volume of 2,845,060 shares. The stock had previously closed at GBX 191.80 ($2.48).

Analysts Set New Price Targets

Several research analysts have recently issued reports on HOC shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reduced their price target on shares of Hochschild Mining from GBX 310 ($4.01) to GBX 285 ($3.69) and set a “buy” rating for the company in a research report on Thursday, January 23rd.

Hochschild Mining Trading Up 11.6 %

The firm has a market cap of £1.39 billion, a price-to-earnings ratio of 45.65, a PEG ratio of 0.41 and a beta of 1.08. The company has a fifty day moving average price of GBX 196.83 and a 200-day moving average price of GBX 202.25. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

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.