Hochschild Mining (LON:HOC) Trading 2.5% Higher - Time to Buy?


Hochschild Mining (LON:HOC) Trading 2.5% Higher   - Time to Buy?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price shot up 2.5% on Thursday . The stock traded as high as GBX 227 ($2.94) and last traded at GBX 221.50 ($2.87). 3,194,931 shares were traded during mid-day trading, an increase of 12% from the average session volume of 2,844,328 shares. The stock had previously closed at GBX 216 ($2.80).

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.69) price target on shares of Hochschild Mining in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.89) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd.

Check Out Our Latest Analysis on Hochschild Mining

The firm's 50 day simple moving average is GBX 196.87 and its 200-day simple moving average is GBX 202.45. The company has a market cap of £1.44 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

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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