Hochschild Mining (LON:HOC) Stock Price Up 12.6% – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) rose 12.6% during trading on Wednesday . The stock traded as high as GBX 224.50 ($2.91) and last traded at GBX 216 ($2.80). Approximately 3,533,057 shares were traded during trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.49).

Wall Street Analysts Forecast Growth

HOC has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.89) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research note on Wednesday.

Hochschild Mining Stock Up 12.6 %

The firm has a market cap of £1.40 billion, a P/E ratio of 46.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock’s 50 day simple moving average is GBX 196.83 and its 200 day simple moving average is GBX 202.25. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.