Hochschild Mining (LON:HOC) Hits New 12-Month High – Should You Buy?

Shares of Hochschild Mining plc (LON:HOC) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 488.80 and last traded at GBX 464, with a volume of 1197093 shares traded. The stock had previously closed at GBX 456.40.

Analyst Ratings Changes

HOC has been the subject of a number of research reports. Canaccord Genuity Group lifted their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Peel Hunt reiterated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Finally, Berenberg Bank lifted their price objective on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hochschild Mining currently has an average rating of “Moderate Buy” and a consensus target price of GBX 395.83.

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 fifty day moving average price of GBX 383.97 and a 200 day moving average price of GBX 326.81. The company has a market capitalization of £2.41 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Insider Buying and Selling

In related news, insider Mike Sylvestre bought 1,620 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of GBX 331 per share, with a total value of £5,362.20. 43.62% of the stock is currently 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.