Hochschild Mining (LON:HOC) Shares Up 3.9% – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) rose 3.9% during trading on Friday . The company traded as high as GBX 462 and last traded at GBX 461.60. Approximately 4,786,866 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 3,531,629 shares. The stock had previously closed at GBX 444.20.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HOC shares. Canaccord Genuity Group lifted their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a report on Monday, October 13th. Berenberg Bank boosted their price objective on Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. dropped 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 395.83.

Hochschild Mining Stock Up 2.7%

The stock has a 50 day moving average of GBX 378.61 and a 200 day moving average of GBX 322.71. The firm has a market capitalization of £2.35 billion, a price-to-earnings ratio of 15.74, a P/E/G 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 Buying and Selling

In other Hochschild Mining news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of GBX 331 per share, for a total transaction of £5,362.20. 43.62% of the stock is owned by company insiders.

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.