Hochschild Mining (LON:HOC) Trading Up 12.6% – Here’s What Happened

Shares of Hochschild Mining plc (LON:HOC) were up 12.6% during 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 traded hands during 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).

Analysts Set New Price Targets

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

Hochschild Mining Stock Performance

The firm’s fifty day simple moving average is GBX 196.87 and its 200 day simple moving average is GBX 202.45. The company has a market capitalization of £1.40 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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.