Hochschild Mining (LON:HOC) Trading Up 12.6% – What’s Next?

Hochschild Mining plc (LON:HOC) shares shot up 12.6% during mid-day trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average session volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analysts Forecast Growth

HOC has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research note on Wednesday.

Hochschild Mining Stock Performance

The company’s 50-day moving average is GBX 196.83 and its two-hundred day moving average is GBX 202.25. 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 company has a market cap of £1.40 billion, a P/E ratio of 46.07, a price-to-earnings-growth 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.