Hochschild Mining (LON:HOC) Trading 7.6% Higher - Should You Buy?

Key Points

• Hochschild Mining's stock price surged by 7.6%, trading as high as GBX 337.43 and closing at GBX 330.60, with trading volume significantly exceeding the average.
• Analysts' ratings for Hochschild Mining show a consensus of five Buy ratings and one Hold rating, with a consensus price target of GBX 315.83.
• The company's market capitalization stands at £1.70 billion, with key financial ratios indicating a high P/E ratio of 1,740.00 and a debt-to-equity ratio of 61.86.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Berenberg Bank dropped their target price on shares of Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating on the stock in a research report on Thursday, August 28th. UBS Group reiterated a "buy" rating and set a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 365 price objective on shares of Hochschild Mining in a research report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. reduced their target price on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 315.83.

Hochschild Mining Stock Up 7.6%

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 stock has a market capitalization 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. The stock's fifty day simple moving average is GBX 285.11 and its 200-day simple moving average is GBX 266.16.

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.