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

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price traded up 12.6% during trading on Wednesday . The company traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). 3,533,057 shares were traded during trading, an increase of 25% from the average session volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.49) target price on the stock in a research report on Thursday. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a report on Wednesday. Berenberg Bank reduced their target price on shares of Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a "hold" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Price Performance

The firm has a 50-day moving average of GBX 197.12 and a 200-day moving average of GBX 202.90. The stock has a market cap of £1.52 billion, a PE ratio of 49.91, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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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.