Hochschild Mining (LON:HOC) Stock Price Up 12.6% – Here’s Why

Hochschild Mining plc (LON:HOC) shares rose 12.6% during mid-day trading on Thursday . The stock 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 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

HOC has been the topic of several research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.89) price objective on shares of Hochschild Mining in a research note 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 research note on Wednesday.

Hochschild Mining Trading Up 12.6 %

The business’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. The firm has a market capitalization of £1.40 billion, a P/E ratio of 46.07, a PEG ratio of 0.41 and a beta of 1.08.

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.