Hochschild Mining (LON:HOC) Trading Up 7.7% – Should You Buy?

Shares of Hochschild Mining plc (LON:HOC) rose 7.7% during mid-day trading on Friday . The stock traded as high as GBX 485 and last traded at GBX 478.20. Approximately 5,511,233 shares changed hands during trading, an increase of 56% from the average daily volume of 3,534,578 shares. The stock had previously closed at GBX 444.20.

Wall Street Analysts Forecast Growth

HOC has been the subject of several research analyst reports. Canaccord Genuity Group upped their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a report on Monday, October 13th. UBS Group reissued a “buy” rating and issued a GBX 300 price target on shares of Hochschild Mining in a report on Friday, August 15th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on shares of Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Berenberg Bank raised their target price on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hochschild Mining has an average rating of “Moderate Buy” and a consensus target price of GBX 395.83.

Hochschild Mining Price Performance

The company has a market cap of £2.47 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock has a fifty day moving average price of GBX 377.09 and a 200-day moving average price of GBX 321.21. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Insider Buying and Selling

In other Hochschild Mining news, insider Mike Sylvestre acquired 1,620 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of GBX 331 per share, for a total transaction of £5,362.20. Insiders own 43.62% of the company’s stock.

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.