Hochschild Mining (LON:HOC) Shares Up 12.6% – Still a Buy?

Shares of Hochschild Mining plc (LON:HOC) shot up 12.6% during trading on Thursday . 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).

Analyst Ratings Changes

Several brokerages recently commented on HOC. 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. JPMorgan Chase & Co. restated 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.

Hochschild Mining Stock Up 12.6 %

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 cap of £1.40 billion, a P/E ratio of 46.07, a PEG ratio of 0.41 and a beta of 1.08. The company’s 50 day simple moving average is GBX 196.87 and its 200-day simple moving average is GBX 202.45.

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.