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

Shares of Hochschild Mining plc (LON:HOC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 849.50 and last traded at GBX 798, with a volume of 3014750 shares. The stock had previously closed at GBX 808.50.

Analyst Ratings Changes

Several equities analysts have commented on the company. Berenberg Bank upped their price objective on Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 490 to GBX 750 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lowered Hochschild Mining to a “neutral” rating and boosted their price target for the company from GBX 600 to GBX 670 in a report on Monday, January 19th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 483.33.

Hochschild Mining Price Performance

The company has a current ratio of 0.75, a quick ratio of 1.87 and a debt-to-equity ratio of 49.70. The firm’s 50-day moving average price is GBX 642.10 and its two-hundred day moving average price is GBX 462.57. The stock has a market cap of £3.85 billion, a PE ratio of 25.78, a PEG ratio of 0.41 and a beta of 0.73.

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.