Hochschild Mining (LON:HOC) Trading 2.5% Higher - Time to Buy?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was up 2.5% during mid-day trading on Thursday . The company traded as high as GBX 227 ($2.93) and last traded at GBX 221.50 ($2.86). Approximately 3,194,931 shares changed hands during trading, an increase of 12% from the average daily volume of 2,844,328 shares. The stock had previously closed at GBX 216 ($2.79).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.59) and set a "hold" rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.49) target price for the company in a report on Thursday. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Finally, Canaccord Genuity Group restated a "buy" rating and issued a GBX 285 ($3.68) price objective on shares of Hochschild Mining in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Trading Up 6.8 %

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 company has a market cap of £1.62 billion, a PE ratio of 53.33, a PEG ratio of 0.41 and a beta of 1.08. The stock has a 50 day moving average price of GBX 197.12 and a 200 day moving average price of GBX 203.01.

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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.