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

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price rose 12.6% during mid-day 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 changed hands 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 ($2.49).

Wall Street Analysts Forecast Growth

HOC has been the subject of several analyst reports. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Canaccord Genuity Group restated a "buy" rating and set a GBX 285 ($3.70) price target on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Trading Up 12.6 %

The company has a market cap of £1.40 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 0.41 and a beta of 1.08. 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's 50-day moving average price is GBX 196.83 and its 200 day moving average price is GBX 202.25.

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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