Hochschild Mining (LON:HOC) Trading 12.6% Higher – Here’s What Happened

Shares of Hochschild Mining plc (LON:HOC) shot up 12.6% on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 3,533,057 shares changed hands during trading, an increase of 25% from the average session volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.89) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 285 ($3.70) price target on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Stock Performance

The company has a market capitalization of £1.40 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50 day simple moving average of GBX 196.87 and a 200 day simple moving average of GBX 202.45. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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.