Hochschild Mining (LON:HOC) Hits New 12-Month High – Should You 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 520 and last traded at GBX 514, with a volume of 627798 shares changing hands. The stock had previously closed at GBX 505.50.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HOC. Canaccord Genuity Group lifted their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research note on Monday, October 13th. Peel Hunt reiterated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price target on Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Finally, Berenberg Bank upped their price target on Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 395.83.

Hochschild Mining Stock 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 50 day simple moving average of GBX 401.76 and a 200 day simple moving average of GBX 341.49. The company has a market capitalization of £2.66 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 0.41 and a beta of 1.08.

Insider Activity

In related news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of GBX 331 per share, for a total transaction of £5,362.20. Company insiders own 43.62% of the company’s stock.

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. 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.