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

Hochschild Mining plc (LON:HOC - Get Free Report) shares rose 12.6% during mid-day trading on Wednesday . The stock traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). Approximately 3,533,057 shares were traded during 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

HOC has been the topic of several recent research reports. Berenberg Bank lowered their target price on shares of Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.59) and set a "hold" rating on the stock in a research note on Wednesday. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.49) target price on the stock in a research note on Thursday. 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. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 285 ($3.68) price target on shares of Hochschild Mining in a report on Wednesday. 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, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 273 ($3.53).

Hochschild Mining Stock Performance

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a fifty day moving average price of GBX 197.12 and a 200 day moving average price of GBX 203.01. The firm 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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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.