Hochschild Mining (LON:HOC) Trading Up 12.6% – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price rose 12.6% on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares traded hands during trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Wall Street Analysts Forecast Growth

HOC has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd.

Hochschild Mining Price Performance

The firm has a market cap of £1.40 billion, a P/E ratio of 46.07, 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 firm has a 50-day simple moving average of GBX 196.87 and a 200-day simple moving average of GBX 202.45.

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.