Hochschild Mining (LON:HOC) Trading Up 12.6% – What’s Next?

Hochschild Mining plc (LON:HOC)’s share price rose 12.6% during mid-day trading on Thursday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HOC. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 300 ($3.89) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 285 ($3.70) price objective on shares of Hochschild Mining in a research note on Wednesday.

Hochschild Mining Trading Up 12.6 %

The stock has a market cap of £1.40 billion, a price-to-earnings 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 is GBX 196.87 and its two-hundred day moving average is 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.

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.