Hochschild Mining (LON:HOC) Trading 2.5% Higher - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price traded up 2.5% during mid-day trading on Thursday . The stock traded as high as GBX 227 ($2.95) and last traded at GBX 221.50 ($2.88). 3,194,931 shares were traded during trading, an increase of 12% from the average session volume of 2,844,328 shares. The stock had previously closed at GBX 216 ($2.81).

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.70) target price on shares of Hochschild Mining in a report on Wednesday, March 12th. Berenberg Bank dropped their price objective on shares of Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.90) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) target price on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 273 ($3.55).

Hochschild Mining Stock Up 6.8 %

The firm has a market capitalization of £1.62 billion, a PE ratio of 53.33, a PEG 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 business's 50 day simple moving average is GBX 197.77 and its 200 day simple moving average is GBX 203.40.

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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.