Hochschild Mining (LON:HOC) Stock Price Up 7.6% - Here's Why

Key Points

• Hochschild Mining shares surged by 7.6% to close at GBX 330.60 ($4.44) with trading volume significantly increasing by 138% compared to its average session.
• Analyst ratings show a consensus of "Moderate Buy" with five analysts recommending buy and one holding, alongside fluctuating price objectives ranging from GBX 280 to GBX 390.
• The company specializes in producing precious metals and operates three underground mines in the Americas, with a market capitalization of £1.70 billion.

Hochschild Mining plc (LON:HOC - Get Free Report) traded up 7.6% on Thursday . The company traded as high as GBX 337.43 ($4.56) and last traded at GBX 330.60 ($4.47). 6,838,666 shares changed hands during trading, an increase of 138% from the average session volume of 2,871,729 shares. The stock had previously closed at GBX 307.20 ($4.15).

Analysts Set New Price Targets

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

Hochschild Mining Stock Up 2.1%

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 1,122.76, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm's fifty day simple moving average is GBX 286.32 and its two-hundred day simple moving average is GBX 267.08.

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.