Hochschild Mining (LON:HOC) Shares Up 7.6% - Should You Buy?

Key Points

• Hochschild Mining's shares surged by 7.6%, reaching a trading high of GBX 337.43 ($4.54) and closing at GBX 330.60 ($4.44), with trading volume significantly up at approximately 6.8 million shares.
• Despite the recent rise, analysts have mixed ratings with five "Buy" ratings and one "Hold," while price targets range from GBX 280 to GBX 390.
• The company has a market capitalization of £1.70 billion and operates primarily in the Americas with a focus on high-grade silver and gold deposits.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) rose 7.6% during trading on Wednesday . The stock traded as high as GBX 337.43 ($4.54) and last traded at GBX 330.60 ($4.44). Approximately 6,838,666 shares were traded 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 Upgrades and Downgrades

HOC has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective 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. UBS Group restated a "buy" rating and issued a GBX 300 price target on shares of Hochschild Mining in a research report on Friday, August 15th. Berenberg Bank cut their price objective on shares of Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating for the company in a research report on Thursday, August 28th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 365 price objective on shares of Hochschild Mining in a research note on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 315.83.

Hochschild Mining Stock Performance

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 firm has a market cap of £1.70 billion, a P/E ratio of 1,740.00, a P/E/G ratio of 0.41 and a beta of 1.08. The company's 50 day moving average is GBX 285.11 and its 200 day moving average is 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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