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

Key Points

• Hochschild Mining reached a new 52-week high of GBX 344.80 ($4.67) during mid-day trading, marking a significant performance boost.
• Equities analysts have varied ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of GBX 315.83.
• The company operates three underground mines in the Americas and has over 50 years of experience in producing high-grade silver and gold.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 344.80 ($4.67) and last traded at GBX 338.60 ($4.59), with a volume of 2292915 shares traded. The stock had previously closed at GBX 325.60 ($4.41).

Analyst Ratings Changes

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

Hochschild Mining Price Performance

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The business has a 50-day moving average price of GBX 289.46 and a two-hundred day moving average price of GBX 270.11. The company has a market capitalization of £1.76 billion, a price-to-earnings ratio of 1,182.37, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

About Hochschild Mining

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.