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

Hochschild Mining plc (LON:HOC) rose 12.6% during trading on Wednesday . The stock 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).

Wall Street Analysts Forecast Growth

HOC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.89) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.70) price objective on shares of Hochschild Mining in a research report on Wednesday.

Hochschild Mining Trading Up 12.6 %

The company has a 50 day moving average of GBX 196.87 and a 200-day moving average of GBX 202.45. The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.