Hochschild Mining (LON:HOC) Stock Price Up 4.9% – Here’s What Happened

Shares of Hochschild Mining plc (LON:HOC) shot up 4.9% during mid-day trading on Friday . The stock traded as high as GBX 241 ($3.12) and last traded at GBX 234 ($3.03). 2,321,971 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.89).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HOC shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) price objective for the company in a report on Thursday. Finally, Berenberg Bank cut their target price on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.54).

Hochschild Mining Stock Up 4.9 %

The business’s fifty day moving average price is GBX 196.90 and its 200 day moving average price is GBX 202.68. The firm has a market capitalization of £1.52 billion, a price-to-earnings ratio of 49.91, a PEG ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

About Hochschild Mining

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.