Hochschild Mining (LON:HOC) Reaches New 12-Month High – Still a Buy?

Hochschild Mining plc (LON:HOC) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 769.50 and last traded at GBX 765, with a volume of 9686803 shares. The stock had previously closed at GBX 740.59.

Wall Street Analysts Forecast Growth

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

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The business’s 50 day moving average price is GBX 611.59 and its 200 day moving average price is GBX 445.28. The stock has a market capitalization of £4.13 billion, a P/E ratio of 27.67, 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.