Hochschild Mining (LON:HOC) Shares Up 12.6% – Should You Buy?

Hochschild Mining plc (LON:HOC) shares traded up 12.6% during mid-day trading on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average session volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Up 12.6 %

The company has a market cap of £1.40 billion, a P/E ratio of 46.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm’s 50 day moving average price is GBX 196.83 and its two-hundred day moving average price is GBX 202.25. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.