Hochschild Mining (LON:HOC) Reaches New 1-Year High – Should You Buy?

Hochschild Mining plc (LON:HOC)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 598 and last traded at GBX 590, with a volume of 5167888 shares changing hands. The stock had previously closed at GBX 585.50.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HOC shares. Peel Hunt reiterated a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research note on Tuesday, October 7th. Canaccord Genuity Group lifted their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Finally, Berenberg Bank raised their price target on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hochschild Mining currently has a consensus 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 price of GBX 454.67 and a 200 day moving average price of GBX 367.59. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The firm has a market capitalization of £3.04 billion, a price-to-earnings ratio of 20.34, a P/E/G 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 company’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of GBX 331 per share, with a total value 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. 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.