Hochschild Mining (LON:HOC) Reaches New 12-Month High – Here’s Why

Hochschild Mining plc (LON:HOC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 768.50 and last traded at GBX 752.50, with a volume of 12368985 shares. The stock had previously closed at GBX 702.

Analysts Set New Price Targets

A number of research firms have weighed in on HOC. Berenberg Bank increased their target price on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a research report on Thursday. Peel Hunt reiterated a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a research report on Tuesday, October 7th. JPMorgan Chase & Co. downgraded shares of Hochschild Mining to a “neutral” rating and lifted their target price for the stock from GBX 600 to GBX 670 in a research note on Monday, January 19th. Finally, Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 490 to GBX 750 and gave the company a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 483.33.

Hochschild Mining Stock Up 7.6%

The stock has a market cap of £3.89 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm’s fifty day moving average price is GBX 480.07 and its two-hundred day moving average price is GBX 380.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Insiders Place Their Bets

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

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.