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

Shares of Hochschild Mining plc (LON:HOC) shot up 12.6% during 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 recently commented on HOC shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a report on Thursday, January 23rd.

Hochschild Mining Trading Up 12.6 %

The company has a market cap of £1.40 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 0.41 and a beta of 1.08. The business has a fifty day simple moving average of GBX 196.87 and a 200 day simple moving average of GBX 202.45. 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.