Hochschild Mining (LON:HOC) Shares Up 15.1% – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price was up 15.1% during mid-day trading on Wednesday . The company traded as high as GBX 222 ($2.87) and last traded at GBX 220.80 ($2.86). Approximately 2,675,693 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 2,820,169 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HOC shares. Canaccord Genuity Group lowered their target price 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 report on Thursday, January 23rd. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) target price on shares of Hochschild Mining in a report on Thursday, January 23rd.

Hochschild Mining Stock Up 15.6 %

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The stock has a market capitalization of £1.44 billion, a P/E ratio of 47.28, a P/E/G ratio of 0.41 and a beta of 1.08. The stock’s 50 day simple moving average is GBX 196.83 and its 200 day simple moving average is GBX 202.25.

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.