Hochschild Mining (LON:HOC) Trading 8% Higher – What’s Next?

Hochschild Mining plc (LON:HOC) shares rose 8% during mid-day trading on Wednesday . The stock traded as high as GBX 554.50 and last traded at GBX 554. 188,903,500 shares were traded during trading, an increase of 1,835% from the average session volume of 9,763,778 shares. The stock had previously closed at GBX 513.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HOC shares. Berenberg Bank upgraded Hochschild Mining to a “buy” rating and set a GBX 570 price target on the stock in a report on Monday, July 27th. JPMorgan Chase & Co. upgraded Hochschild Mining to an “overweight” rating and lifted their price objective for the stock from GBX 820 to GBX 840 in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 625.

Hochschild Mining Stock Performance

The stock has a market capitalization of £2.85 billion, a P/E ratio of 14.21, a PEG ratio of 0.41 and a beta of 0.95. The firm has a 50-day moving average of GBX 486.56 and a 200 day moving average of GBX 589.57. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.