Hochschild Mining (LON:HOC) Shares Up 12.6% - Here's Why

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price was up 12.6% during trading on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HOC shares. Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a "hold" rating for the company in a research report on Wednesday. Canaccord Genuity Group restated a "buy" rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 300 ($3.89) price objective on shares of Hochschild Mining in a report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.50) target price for the company in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 273 ($3.54).

Hochschild Mining Stock Performance

The stock has a market capitalization of £1.52 billion, a P/E ratio of 49.91, a PEG ratio of 0.41 and a beta of 1.08. 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 company has a 50-day moving average price of GBX 196.90 and a two-hundred day moving average price of GBX 202.68.

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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.