Hochschild Mining (LON:HOC) Shares Up 11.6% – Should You Buy?

Hochschild Mining plc (LON:HOC) was up 11.6% on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 214 ($2.77). Approximately 3,920,262 shares were traded during trading, an increase of 38% from the average daily volume of 2,845,060 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analyst Weigh In

A number of research firms have weighed in on HOC. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reduced their price target on shares of Hochschild Mining from GBX 310 ($4.01) to GBX 285 ($3.69) and set a “buy” rating for the company in a research report on Thursday, January 23rd.

Hochschild Mining Trading Up 11.6 %

The company’s 50 day simple moving average is GBX 196.83 and its 200-day simple moving average is GBX 202.25. The firm has a market cap of £1.39 billion, a P/E ratio of 45.65, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 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.