Hochschild Mining (LON:HOC) Sets New 52-Week High – Time to Buy?

Hochschild Mining plc (LON:HOC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 488.80 and last traded at GBX 464, with a volume of 1197093 shares changing hands. The stock had previously closed at GBX 456.40.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered 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. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research note on Monday, October 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Finally, Berenberg Bank increased their price target on 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 395.83.

Hochschild Mining Price Performance

The stock has a market cap of £2.40 billion, a PE ratio of 16.09, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The business has a 50 day moving average price of GBX 380.20 and a two-hundred day moving average price of GBX 324.40.

Insiders Place Their Bets

In other Hochschild Mining news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of GBX 331 per share, for a total transaction of £5,362.20. Corporate insiders own 43.62% of the company’s stock.

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.