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

Hochschild Mining plc (LON:HOC)’s share price traded up 12.6% during mid-day 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 ($2.48).

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.69) price target on shares of Hochschild Mining in a research report on Wednesday.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The company has a market cap of £1.40 billion, a PE ratio of 46.07, a PEG ratio of 0.41 and a beta of 1.08. The business’s 50-day moving average is GBX 196.83 and its 200 day moving average is GBX 202.25.

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.