Hochschild Mining (LON:HOC) Trading Up 4.9% – Still a Buy?

Hochschild Mining plc (LON:HOC) shares were up 4.9% on Friday . The stock traded as high as GBX 241 ($3.12) and last traded at GBX 234 ($3.03). Approximately 2,321,971 shares changed hands during trading, a decline of 18% from the average daily volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.88).

Analysts Set New Price Targets

Several equities analysts recently weighed in on HOC shares. Berenberg Bank cut their price objective on shares of Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 285 ($3.69) price target on shares of Hochschild Mining in a research report on Wednesday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) price target on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 273 ($3.53).

Hochschild Mining Stock Performance

The firm’s 50 day moving average price is GBX 197.12 and its 200-day moving average price is GBX 202.90. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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.