Hochschild Mining (LON:HOC) Trading Up 4.5% on Analyst Upgrade

Hochschild Mining plc (LON:HOC)’s share price traded up 4.5% during mid-day trading on Friday after Canaccord Genuity Group raised their price target on the stock from GBX 490 to GBX 750. Canaccord Genuity Group currently has a buy rating on the stock. Hochschild Mining traded as high as GBX 677 and last traded at GBX 627.77. 1,727,487 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 4,515,231 shares. The stock had previously closed at GBX 600.50.

A number of other brokerages also recently weighed in on HOC. JPMorgan Chase & Co. downgraded Hochschild Mining to a “neutral” rating and upped their target price for the company from GBX 600 to GBX 670 in a report on Monday, January 19th. Berenberg Bank upped their price objective on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a research note on Thursday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hochschild Mining has a consensus rating of “Moderate Buy” and an average price target of GBX 483.33.

Insider Buying and Selling

In other Hochschild Mining news, insider Mike Sylvestre bought 1,620 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was 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 corporate insiders.

Hochschild Mining Stock Performance

The stock’s 50-day moving average price is GBX 480.07 and its 200 day moving average price is GBX 378.51. 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 company has a market cap of £3.61 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.