Hochschild Mining (LON:HOC) Sets New 12-Month High – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 251.50 ($3.27) and last traded at GBX 248 ($3.22), with a volume of 3295446 shares. The stock had previously closed at GBX 233 ($3.03).

Analysts Set New Price Targets

A number of research firms have recently weighed in on HOC. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 250 ($3.25) price objective on shares of Hochschild Mining in a research report on Thursday, August 29th. Canaccord Genuity Group boosted their price target on Hochschild Mining from GBX 220 ($2.86) to GBX 310 ($4.02) and gave the company a “buy” rating in a report on Thursday. Finally, Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.60) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Stock Down 1.5 %

The stock has a market cap of £1.22 billion, a price-to-earnings ratio of 4,840.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm’s 50-day moving average is GBX 187.97 and its 200 day moving average is GBX 176.67. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.