Hochschild Mining (LON:HOC) Trading 5.9% Higher – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price traded up 5.9% during mid-day trading on Thursday . The stock traded as high as GBX 192.40 ($2.52) and last traded at GBX 190.40 ($2.49). 1,188,284 shares were traded during mid-day trading, a decline of 21% from the average session volume of 1,495,599 shares. The stock had previously closed at GBX 179.80 ($2.35).

Analyst Upgrades and Downgrades

Several brokerages have commented on HOC. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.62) price objective on shares of Hochschild Mining in a report on Wednesday, August 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 220 ($2.88) price target on shares of Hochschild Mining in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 250 ($3.27) price objective on shares of Hochschild Mining in a research report on Thursday, August 29th.

Hochschild Mining Price Performance

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The company has a market cap of £979.53 million, a PE ratio of 3,808.00, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50-day simple moving average of GBX 177.96 and a 200 day simple moving average of GBX 170.22.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.