Hochschild Mining (LON:HOC) Reaches New 1-Year High – Time to Buy?

Hochschild Mining plc (LON:HOC)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 598 and last traded at GBX 590, with a volume of 5167888 shares. The stock had previously closed at GBX 585.50.

Analyst Ratings Changes

Several equities analysts recently weighed in on HOC shares. JPMorgan Chase & Co. downgraded Hochschild Mining to a “neutral” rating and increased their target price for the stock from GBX 600 to GBX 670 in a research report on Monday. 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. Peel Hunt reissued 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 boosted their target price on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 407.50.

Hochschild Mining Price Performance

The company has a 50 day simple moving average of GBX 463.87 and a 200 day simple moving average of GBX 372.09. The company has a market capitalization of £3.17 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth 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 Hochschild Mining news, insider Mike Sylvestre purchased 1,620 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of GBX 331 per share, for a total transaction of £5,362.20. Company insiders own 43.62% of the company’s stock.

Hochschild Mining Company Profile

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.