Hochschild Mining (LON:HOC) Sets New 52-Week High – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 849.50 and last traded at GBX 798, with a volume of 3014750 shares changing hands. The stock had previously closed at GBX 808.50.

Analysts Set New Price Targets

Several analysts recently commented on the company. Berenberg Bank raised their price objective on Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 490 to GBX 750 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. cut Hochschild Mining to a “neutral” rating and lifted their price objective for the company from GBX 600 to GBX 670 in a report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Stock Performance

The company has a market capitalization of £4.11 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 0.41 and a beta of 1.08. The stock’s 50 day moving average price is GBX 630.94 and its 200 day moving average price is GBX 455.78. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

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.