Hochschild Mining (LON:HOC) Reaches New 52-Week High – Should You Buy?
by Amy Steele · The Cerbat GemHochschild Mining plc (LON:HOC – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 496.40 and last traded at GBX 489.47, with a volume of 16307033 shares trading hands. The stock had previously closed at GBX 478.
Analyst Ratings Changes
HOC has been the topic of several recent research reports. Berenberg Bank lifted their target price on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Peel Hunt reissued a “buy” rating and issued a GBX 340 price target on shares of Hochschild Mining in a research note on Tuesday, October 7th. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Hochschild Mining has an average rating of “Moderate Buy” and a consensus target price of GBX 395.83.
Get Our Latest Stock Report on HOC
Hochschild Mining Stock Performance
The firm has a fifty day moving average price of GBX 392.47 and a 200 day moving average price of GBX 332.63. 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 firm has a market cap of £2.61 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.
Insiders Place Their Bets
In other news, insider Mike Sylvestre bought 1,620 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of GBX 331 per share, for a total transaction of £5,362.20. 43.62% of the stock is owned by insiders.
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.