Hochschild Mining (LON:HOC) Shares Up 7.2% – Still a Buy?

Hochschild Mining plc (LON:HOC)’s stock price traded up 7.2% on Friday . The stock traded as high as GBX 239.50 ($3.10) and last traded at GBX 239 ($3.09). 7,378,626 shares were traded during trading, an increase of 153% from the average session volume of 2,911,943 shares. The stock had previously closed at GBX 223 ($2.88).

Wall Street Analysts Forecast Growth

HOC has been the topic of several recent analyst reports. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) price objective on the stock in a research report on Thursday. Berenberg Bank dropped their target price on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.53).

Hochschild Mining Price Performance

The firm has a 50 day moving average of GBX 197.12 and a 200-day moving average of GBX 202.90. The company has a market cap 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.

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.