Hochschild Mining (LON:HOC) Trading 12.6% Higher – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price traded up 12.6% during 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 changed hands 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 ($2.49).

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 285 ($3.70) target price on shares of Hochschild Mining in a report on Wednesday. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a report on Thursday, January 23rd.

Hochschild Mining Stock Up 12.6 %

The company has a 50-day simple moving average of GBX 196.83 and a 200-day simple moving average of GBX 202.25. The firm has a market cap of £1.40 billion, a PE 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 current ratio of 0.89 and a quick ratio of 1.87.

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.