Hochschild Mining (LON:HOC) Hits New 52-Week High – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 252 ($3.26) and last traded at GBX 248.12 ($3.21), with a volume of 7647831 shares. The stock had previously closed at GBX 234 ($3.02).

Analyst Ratings Changes

HOC has been the topic of several research reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.68) price target on shares of Hochschild Mining in a report on Wednesday, March 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.88) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price on the stock in a research report on Thursday. Finally, Berenberg Bank lowered their target price on Hochschild Mining from GBX 210 ($2.71) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Price Performance

The stock has a market cap of £1.62 billion, a P/E ratio of 53.33, a P/E/G ratio of 0.41 and a beta of 1.08. 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 197.12 and a 200-day simple moving average of GBX 203.01.

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.