Hochschild Mining (LON:HOC) Shares Up 12.6% – Still a Buy?

Shares of Hochschild Mining plc (LON:HOC) traded up 12.6% on Wednesday . The company traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). 3,533,057 shares were traded during mid-day trading, an increase of 25% from the average session volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).

Analyst Upgrades and Downgrades

A number of research firms recently commented on HOC. JPMorgan Chase & Co. reaffirmed 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. Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a report on Wednesday.

Hochschild Mining Trading Up 12.6 %

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

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.