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

Key Points

• Hochschild Mining's shares increased by 7.6% during mid-day trading, reaching a high of GBX 337.43 and trading volume surged to 6.8 million shares, a 138% rise from the average volume.
• Analysts have varied perspectives, with five rating the stock as a "Buy" and one as "Hold"; the consensus price target is GBX 315.83.
• The company's debt-to-equity ratio stands at 61.86, with a market capitalization of £1.70 billion, indicating solid investment metrics.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) shot up 7.6% during mid-day trading on Wednesday . The company traded as high as GBX 337.43 ($4.54) and last traded at GBX 330.60 ($4.44). 6,838,666 shares were traded 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 Analyst Weigh In

Several research firms have commented on HOC. UBS Group reissued a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 365 price target on shares of Hochschild Mining in a research report on Wednesday, August 27th. JPMorgan Chase & Co. cut their price objective 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 reduced their price objective on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating for the company in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 315.83.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm 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 company's fifty day simple moving average is GBX 285.11 and its 200 day simple 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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