Hochschild Mining (LON:HOC) Hits New 1-Year High - Here's Why

Key Points

• Hochschild Mining shares reached a new 52-week high of GBX 368 ($4.93), trading with significant volume of nearly 14 million shares.
• Several brokerages have revised their price targets for the stock, with a consensus rating of "Moderate Buy" and an average target price of GBX 315.83.
• The company's market capitalization is £1.87 billion, and it operates three underground mines primarily focused on silver and gold production in the Americas.

Hochschild Mining plc (LON:HOC - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 368 ($4.93) and last traded at GBX 362.81 ($4.86), with a volume of 13932984 shares. The stock had previously closed at GBX 338.90 ($4.54).

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOC. JPMorgan Chase & Co. decreased their price objective on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a report on Thursday, August 28th. Berenberg Bank dropped their target price on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating on the stock in a report on Thursday, August 28th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 365 target price on shares of Hochschild Mining in a report on Wednesday, August 27th. Finally, UBS Group restated a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Hochschild Mining has a consensus rating of "Moderate Buy" and an average target price of GBX 315.83.

Hochschild Mining Stock Up 7.1%

The stock has a fifty day moving average of GBX 305.55 and a 200 day moving average of GBX 283.43. The firm has a market capitalization of £1.87 billion, a P/E ratio of 1,251.65, 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.

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