Hochschild Mining (LON:HOC) Shares Up 12.6% - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report) shares traded up 12.6% during trading on Wednesday . The company traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). 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).

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 285 ($3.69) price target on shares of Hochschild Mining in a report on Wednesday. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a "hold" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.49) price target for the company in a report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Stock Up 4.9 %

The business has a fifty day moving average of GBX 197.12 and a 200-day moving average of GBX 202.90. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a market cap of £1.52 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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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.