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

Hochschild Mining plc (LON:HOC - Get Free Report) shares shot up 12.6% during mid-day 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 were traded 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

Several research firms recently issued reports on HOC. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 285 ($3.70) target price on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.89) target price on shares of Hochschild Mining in a research note on Thursday, January 23rd.

Hochschild Mining Stock Performance

The company 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 firm's fifty day moving average is GBX 196.87 and its 200 day moving average is GBX 202.45. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

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.

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