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

Hochschild Mining plc (LON:HOC) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 520 and last traded at GBX 514, with a volume of 627798 shares trading hands. The stock had previously closed at GBX 505.50.

Analysts Set New Price Targets

Several brokerages have issued reports on HOC. 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 research note on Wednesday, December 3rd. Berenberg Bank raised their price target on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Peel Hunt restated a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. Finally, Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research note on Monday, October 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 395.83.

Hochschild Mining Stock Up 0.8%

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 simple moving average of GBX 396.90 and a 200-day simple moving average of GBX 337.82. The firm has a market capitalization of £2.62 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.41 and a beta of 1.08.

Insider Transactions at Hochschild Mining

In other news, insider Mike Sylvestre bought 1,620 shares of Hochschild Mining stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of GBX 331 per share, with a total value of £5,362.20. 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. 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.