Hochschild Mining (LON:HOC) Reaches New 12-Month High – Still a Buy?

Hochschild Mining plc (LON:HOC) shares reached a new 52-week high on Monday . The company traded as high as GBX 520 and last traded at GBX 514, with a volume of 627798 shares changing hands. The stock had previously closed at GBX 505.50.

Wall Street Analysts Forecast Growth

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

Hochschild Mining Stock Up 0.8%

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 business’s 50 day moving average price is GBX 396.90 and its 200 day moving average price is GBX 337.82. The firm has a market cap of £2.62 billion, a PE ratio of 17.57, a PEG ratio of 0.41 and a beta of 1.08.

Insider Buying and Selling

In other news, insider Mike Sylvestre acquired 1,620 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of GBX 331 per share, for a total transaction of £5,362.20. Company 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.