Hochschild Mining (LON:HOC) Shares Up 2.5% - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report) shares were up 2.5% during trading on Thursday . The stock traded as high as GBX 227 ($2.93) and last traded at GBX 221.50 ($2.86). Approximately 3,194,931 shares changed hands during trading, an increase of 12% from the average daily volume of 2,844,328 shares. The stock had previously closed at GBX 216 ($2.79).

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HOC shares. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 300 ($3.88) target price on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 285 ($3.68) target price on shares of Hochschild Mining in a report on Wednesday, March 12th. Berenberg Bank cut their price target on shares of Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.59) and set a "hold" rating for the company in a report on Wednesday, March 12th. Finally, Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.49) price objective on the stock in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hochschild Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Trading Up 6.8 %

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock has a market cap of £1.62 billion, a PE ratio of 53.33, a P/E/G ratio of 0.41 and a beta of 1.08. The business's fifty day moving average is GBX 197.12 and its 200 day moving average is GBX 203.01.

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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.