Hochschild Mining (LON:HOC) Trading 4.9% Higher – Time to Buy?

Hochschild Mining plc (LON:HOC)’s stock price was up 4.9% during trading on Friday . The company traded as high as GBX 241 ($3.12) and last traded at GBX 234 ($3.03). Approximately 2,321,971 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 2,814,700 shares. The stock had previously closed at GBX 223 ($2.88).

Analyst Ratings Changes

Several brokerages recently issued reports on HOC. Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. Berenberg Bank lowered their price objective on shares of Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price on the stock in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average target price of GBX 273 ($3.53).

Hochschild Mining Stock Up 4.9 %

The company has a market capitalization of £1.52 billion, a P/E ratio of 49.91, a P/E/G 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. The business’s fifty day moving average price is GBX 197.12 and its 200 day moving average price is GBX 202.90.

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.