Hochschild Mining (LON:HOC) Shares Up 2.5% – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s stock price was up 2.5% during trading on Thursday . The stock traded as high as GBX 227 ($2.94) and last traded at GBX 221.50 ($2.87). Approximately 3,194,931 shares were traded during trading, an increase of 12% from the average daily volume of 2,844,328 shares. The stock had previously closed at GBX 216 ($2.80).

Wall Street Analysts Forecast Growth

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

Hochschild Mining Price Performance

The firm has a 50-day simple moving average of GBX 196.87 and a 200 day simple moving average of GBX 202.45. The firm has a market cap of £1.44 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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.