Hochschild Mining (LON:HOC) Trading 5% Higher - Time to Buy?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price shot up 5% during trading on Friday . The stock traded as high as GBX 241 ($3.13) and last traded at GBX 234.20 ($3.04). 7,789,760 shares were traded during mid-day trading, an increase of 167% from the average session volume of 2,919,850 shares. The stock had previously closed at GBX 223 ($2.90).

Analysts Set New Price Targets

Several brokerages have recently commented on HOC. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price target on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.90) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Finally, Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.73) to GBX 200 ($2.60) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 273 ($3.55).

Hochschild Mining Trading Down 0.2 %

The company has a 50 day moving average of GBX 197.77 and a 200-day moving average of GBX 203.40. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock has a market cap of £1.62 billion, a price-to-earnings ratio of 53.22, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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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.