Hochschild Mining (LON:HOC) Shares Up 12.6% - Should You Buy?

Hochschild Mining plc (LON:HOC - Get Free Report) shares traded up 12.6% during trading on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 3,533,057 shares changed hands 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).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Up 2.5 %

The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth 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 business has a 50-day moving average price of GBX 196.87 and a 200-day moving average price of GBX 202.45.

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.