Hochschild Mining (LON:HOC) Sets New 12-Month High After Analyst Upgrade

Hochschild Mining plc (LON:HOC)’s share price reached a new 52-week high during mid-day trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from GBX 350 to GBX 465. Canaccord Genuity Group currently has a buy rating on the stock. Hochschild Mining traded as high as GBX 396.80 ($5.29) and last traded at GBX 396.80 ($5.29), with a volume of 19459139 shares traded. The stock had previously closed at GBX 386.60 ($5.15).

A number of other equities research analysts have also recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price target on shares of Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating for the company in a research report on Thursday, August 28th. UBS Group reiterated a “buy” rating and set a GBX 300 price target on shares of Hochschild Mining in a research report on Friday, August 15th. Finally, Berenberg Bank lifted their price target on shares of Hochschild Mining from GBX 280 to GBX 380 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 347.86.

Hochschild Mining Trading Up 7.0%

The company’s 50 day moving average price is GBX 327.57 and its 200 day moving average price is GBX 293.20. 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 firm has a market cap of £2.13 billion, a PE ratio of 1,426.90, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.