Hochschild Mining (LON:HOC) Hits New 52-Week High – Should You Buy?

Shares of Hochschild Mining plc (LON:HOC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 496.40 and last traded at GBX 489.47, with a volume of 16307033 shares changing hands. The stock had previously closed at GBX 478.

Analysts Set New Price Targets

A number of analysts have weighed in on HOC shares. JPMorgan Chase & Co. decreased their price objective on Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a report on Monday, October 13th. Peel Hunt reissued a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Finally, Berenberg Bank raised their target price on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 395.83.

Hochschild Mining Stock Performance

The stock has a 50 day moving average of GBX 388.49 and a two-hundred day moving average of GBX 329.89. The stock has a market capitalization of £2.52 billion, a PE ratio of 16.90, 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.

Insider Activity at Hochschild Mining

In related news, insider Mike Sylvestre purchased 1,620 shares of the stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of GBX 331 per share, with a total value of £5,362.20. Insiders own 43.62% of the company’s stock.

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.