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

Key Points

• Hochschild Mining shares increased by 7.6% during mid-day trading, reaching a high of GBX 337.43 ($4.54) as trading volume surged by 138% above the average.
• Recent analyst ratings show mixed results, with JPMorgan lowering their price target from GBX 390 to GBX 370, while Canaccord Genuity maintains a "buy" rating with a price objective of GBX 365.
• The company has a market capitalization of £1.70 billion and operates three underground mines in South America, focusing on high-grade silver and gold deposits.

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was up 7.6% on Wednesday . The stock traded as high as GBX 337.43 ($4.55) and last traded at GBX 330.60 ($4.46). Approximately 6,838,666 shares changed 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 ($4.14).

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HOC shares. Berenberg Bank reduced their target price 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. UBS Group reissued a "buy" rating and set a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. JPMorgan Chase & Co. reduced their target price on shares of 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, 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Hochschild Mining currently has a consensus rating of "Moderate Buy" and an average price target of GBX 315.83.

Hochschild Mining Price 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 company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 1,167.59, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a fifty day simple moving average of GBX 287.80 and a 200-day simple moving average of GBX 269.07.

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.