Hochschild Mining (LON:HOC) Sets New 1-Year High – Still a Buy?

Hochschild Mining plc (LON:HOC)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 849.50 and last traded at GBX 798, with a volume of 3014750 shares trading hands. The stock had previously closed at GBX 808.50.

Wall Street Analysts Forecast Growth

HOC has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of Hochschild Mining to a “neutral” rating and raised their price target for the stock from GBX 600 to GBX 670 in a research report on Monday, January 19th. Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 490 to GBX 750 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Berenberg Bank raised their target price on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 483.33.

Hochschild Mining Price Performance

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock has a market capitalization of £4.11 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 0.41 and a beta of 1.08. The business’s 50 day simple moving average is GBX 630.94 and its 200-day simple moving average is GBX 455.78.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.