Hochschild Mining (LON:HOC) Hits New 52-Week High - Still a Buy?

Key Points

• Hochschild Mining has reached a new 52-week high, trading at GBX 348.80 ($4.71) with over 12 million shares exchanged.
• Analyst opinions vary, with five firms rating the stock as a Buy and one as a Hold, resulting in an average target price of GBX 315.83.
• The company has a market cap of £1.79 billion and operates three underground mines in Peru and Argentina, focusing on high-grade silver and gold deposits.

Hochschild Mining plc (LON:HOC - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 348.80 ($4.71) and last traded at GBX 348.80 ($4.71), with a volume of 12369528 shares trading hands. The stock had previously closed at GBX 340.60 ($4.60).

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Up 2.0%

The company has a market cap of £1.79 billion, a price-to-earnings ratio of 1,197.93, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company's fifty day moving average price is GBX 299.72 and its two-hundred day moving average price is GBX 279.58. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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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