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 company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares changed hands 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).

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Trading Up 12.6 %

The stock’s 50-day moving average price is GBX 196.83 and its 200 day moving average price is GBX 202.25. The firm has a market capitalization of £1.40 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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.