Hochschild Mining (LON:HOC) Sets New 1-Year High – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 559 and last traded at GBX 546.13, with a volume of 12667692 shares changing hands. The stock had previously closed at GBX 523.

Analyst Ratings Changes

Several research firms have recently weighed in on HOC. 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. JPMorgan Chase & Co. reduced their price objective on shares of Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Canaccord Genuity Group boosted 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. Finally, Berenberg Bank raised their price target on Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Hochschild Mining presently has an average rating of “Moderate Buy” and an average price target of GBX 395.83.

Hochschild Mining Stock Up 4.3%

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a market cap of £2.81 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock’s fifty day moving average is GBX 429.43 and its two-hundred day moving average is GBX 356.35.

Insider Buying and Selling at Hochschild Mining

In other Hochschild Mining news, insider Mike Sylvestre acquired 1,620 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of GBX 331 per share, for a total transaction 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.