Hochschild Mining (LON:HOC) Shares Up 15.1% – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price shot up 15.1% during mid-day trading on Wednesday . The stock traded as high as GBX 222 ($2.87) and last traded at GBX 220.80 ($2.86). 2,675,693 shares changed hands during trading, a decline of 5% from the average session volume of 2,820,169 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HOC. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group lowered their price objective on shares of Hochschild Mining from GBX 310 ($4.01) to GBX 285 ($3.69) and set a “buy” rating on the stock in a research report on Thursday, January 23rd.

Hochschild Mining Trading Up 15.6 %

The stock has a market cap of £1.44 billion, a PE ratio of 47.28, a P/E/G ratio of 0.41 and a beta of 1.08. The business’s fifty day moving average is GBX 196.83 and its 200 day moving average is GBX 202.25. 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.