Hochschild Mining (LON:HOC) Reaches New 1-Year High - Here's What Happened

Key Points

• Hochschild Mining's shares reached a new 1-year high of GBX 336.60 ($4.51) with a trading volume of over 11.7 million shares, reflecting significant market interest.
• Analysts have mixed ratings on the stock; while Berenberg Bank downgraded its target to GBX 280, Canaccord Genuity and UBS maintained "buy" ratings with targets of GBX 365 and GBX 300 respectively.
• The company has a market capitalization of £1.70 billion and a debt-to-equity ratio of 61.86, indicating a moderate financial leverage position.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 336.60 ($4.51) and last traded at GBX 336.28 ($4.50), with a volume of 11726205 shares traded. The stock had previously closed at GBX 307.20 ($4.11).

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Up 7.6%

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The company has a 50 day simple moving average of GBX 283.48 and a two-hundred day simple moving average of GBX 265.71. The firm has a market cap of £1.70 billion, a PE ratio of 1,740.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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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