Hochschild Mining (LON:HOC) Stock Price Up 7.2% – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HOC shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research report on Wednesday. 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 research report on Thursday. Finally, Berenberg Bank dropped their target price on shares of 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.53).

Hochschild Mining Price Performance

The stock has a market cap of £1.52 billion, a P/E ratio of 49.91, a price-to-earnings-growth 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 company’s fifty day simple moving average is GBX 197.12 and its 200-day simple moving average 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.