Hochschild Mining (LON:HOC) Trading Up 4.5% Following Analyst Upgrade

Hochschild Mining plc (LON:HOC) shares traded up 4.5% during trading on Friday after Canaccord Genuity Group raised their price target on the stock from GBX 490 to GBX 750. Canaccord Genuity Group currently has a buy rating on the stock. Hochschild Mining traded as high as GBX 677 and last traded at GBX 627.77. 1,727,487 shares changed hands during trading, a decline of 62% from the average session volume of 4,515,231 shares. The stock had previously closed at GBX 600.50.

Several other equities research analysts have also recently commented on HOC. Peel Hunt restated a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut shares of Hochschild Mining to a “neutral” rating and boosted their price objective for the company from GBX 600 to GBX 670 in a research note on Monday. Finally, Berenberg Bank upped their price objective on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.

Insider Activity at Hochschild Mining

In other Hochschild Mining news, insider Mike Sylvestre purchased 1,620 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of GBX 331 per share, for a total transaction of £5,362.20. 43.62% of the stock is owned by corporate insiders.

Hochschild Mining Stock Up 4.5%

The company has a market capitalization of £3.23 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm’s 50-day simple moving average is GBX 473.51 and its 200 day simple moving average is GBX 375.51. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.