Hochschild Mining (LON:HOC) Shares Up 7.6% - Here's What Happened

Key Points

• Hochschild Mining shares surged by 7.6%, reaching a trading high of GBX 337.43 ($4.54) amidst a trading volume increase of 138% from its average daily volume.
• Research analysts have mixed ratings for the stock, with five analysts
• The company has a market cap of £1.70 billion and operates three underground mines focused on high-grade silver and gold deposits in the Americas.

Hochschild Mining plc (LON:HOC - Get Free Report) shares rose 7.6% during trading on Wednesday . The company traded as high as GBX 337.43 ($4.54) and last traded at GBX 330.60 ($4.44). Approximately 6,838,666 shares traded hands during mid-day trading, an increase of 138% from the average daily volume of 2,871,729 shares. The stock had previously closed at GBX 307.20 ($4.13).

Analyst Ratings Changes

A number of research analysts have commented on the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 365 target price on shares of Hochschild Mining in a report on Wednesday, August 27th. Berenberg Bank cut 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 report on Thursday, August 28th. Finally, UBS Group reaffirmed a "buy" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research note on Friday, August 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Hochschild Mining currently has a consensus rating of "Moderate Buy" and an average target price of GBX 315.83.

Hochschild Mining Trading Up 7.6%

The stock has a market cap of £1.70 billion, a price-to-earnings ratio of 1,740.00, a PEG ratio of 0.41 and a beta of 1.08. 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 of GBX 285.11 and a 200-day moving average of GBX 266.16.

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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