Hochschild Mining (LON:HOC) Stock Price Up 12.6% – Time to Buy?

Hochschild Mining plc (LON:HOC) shares traded up 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). 3,533,057 shares changed hands during 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).

Analysts Set New Price Targets

Several brokerages have recently issued reports on HOC. JPMorgan Chase & Co. reaffirmed 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 restated a “buy” rating and set a GBX 285 ($3.70) price target on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Stock Up 12.6 %

The business’s 50 day simple moving average is GBX 196.83 and its 200 day simple moving average is GBX 202.25. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a market capitalization of £1.40 billion, a PE 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.