Hochschild Mining (LON:HOC) Reaches New 1-Year High – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 496.40 and last traded at GBX 489.47, with a volume of 16307033 shares traded. The stock had previously closed at GBX 478.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HOC shares. JPMorgan Chase & Co. lowered their price objective on shares of Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Peel Hunt reissued a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. Canaccord Genuity Group upped their target price 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. Finally, Berenberg Bank lifted their price target on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 395.83.

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 company’s 50-day simple moving average is GBX 388.49 and its 200-day simple moving average is GBX 329.89. The company has a market cap of £2.52 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 0.41 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Mike Sylvestre bought 1,620 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of GBX 331 per share, with a total value of £5,362.20. 43.62% of the stock is currently owned by corporate insiders.

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.