Hochschild Mining (LON:HOC) Trading Up 7.7% – Should You Buy?

by · The Cerbat Gem

Hochschild Mining plc (LON:HOC – Get Free Report) shares were up 7.7% during mid-day trading on Friday . The stock traded as high as GBX 485 and last traded at GBX 478.20. Approximately 5,511,233 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 3,534,578 shares. The stock had previously closed at GBX 444.20.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HOC shares. JPMorgan Chase & Co. dropped their price objective on Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. UBS Group restated a “buy” rating and set a GBX 300 price target on shares of Hochschild Mining in a research note on Friday, August 15th. Canaccord Genuity Group raised their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a report on Monday, October 13th. Berenberg Bank boosted their target price on Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, Peel Hunt reissued a “buy” rating and set a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Hochschild Mining has a consensus rating of “Moderate Buy” and an average price target of GBX 395.83.

Check Out Our Latest Stock Analysis on Hochschild Mining

Hochschild Mining Stock Up 8.2%

The stock has a 50 day moving average of GBX 377.09 and a 200 day moving average of GBX 321.21. The firm has a market capitalization of £2.47 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

Insider Transactions at Hochschild Mining

In other news, insider Mike Sylvestre purchased 1,620 shares of Hochschild Mining stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of GBX 331 per share, with a total value of £5,362.20. 43.62% of the stock is owned by corporate insiders.

About Hochschild Mining

(Get Free Report)

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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