Hochschild Mining (LON:HOC) Shares Up 12.6% – Here’s What Happened

Shares of Hochschild Mining plc (LON:HOC) were 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). Approximately 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Wall Street Analyst Weigh In

Several brokerages have weighed in on HOC. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a report on Wednesday. JPMorgan Chase & Co. reissued 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.

Hochschild Mining Stock Up 12.6 %

The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm has a 50 day simple moving average of GBX 196.83 and a two-hundred day simple moving average of GBX 202.25. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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.