Hochschild Mining (LON:HOC) Trading Up 8% – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price rose 8% on Wednesday . The company traded as high as GBX 554.50 and last traded at GBX 554. Approximately 188,903,500 shares traded hands during mid-day trading, an increase of 1,835% from the average session volume of 9,763,778 shares. The stock had previously closed at GBX 513.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HOC shares. Berenberg Bank upgraded Hochschild Mining to a “buy” rating and set a GBX 570 price objective for the company in a research note on Monday, July 27th. JPMorgan Chase & Co. raised shares of Hochschild Mining to an “overweight” rating and increased their price objective for the stock from GBX 820 to GBX 840 in a report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 625.

Hochschild Mining Trading Up 8.0%

The company has a 50 day simple moving average of GBX 486.56 and a two-hundred day simple moving average of GBX 589.57. The company has a debt-to-equity ratio of 47.67, a quick ratio of 1.87 and a current ratio of 0.99. The company has a market cap of £2.85 billion, a PE ratio of 14.21, a PEG ratio of 0.41 and a beta of 0.95.

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.