Is Buying Hochschild Mining Plc Here a Winning Strategy?

 Is Buying Hochschild Mining Plc Here a Winning Strategy?

The stock of Hochschild Mining Plc (LON:HOC) is a huge mover today! The stock decreased 3.45% or GBX 7.93 on November 22, hitting GBX 222.17. About 1.59M shares traded hands. Hochschild Mining Plc (LON:HOC) has risen 61.19% since April 22, 2016 and is uptrending. It has outperformed by 56.64% the S&P500.
The move comes after 9 months positive chart setup for the GBX 1.13B company. It was reported on Nov, 22 by Barchart.com. We have GBX 239.94 PT which if reached, will make LON:HOC worth GBX 90.40 million more.

Hochschild Mining Plc (LON:HOC) Ratings Coverage

Out of 12 analysts covering Hochschild Mining PLC (LON:HOC), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Hochschild Mining PLC has been the topic of 63 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Overweight”. The firm earned “Neutral” rating on Friday, October 23 by Citigroup. The stock has “Overweight” rating given by Barclays Capital on Thursday, March 10. The stock of Hochschild Mining Plc (LON:HOC) earned “Hold” rating by Numis Securities on Thursday, July 23. Morgan Stanley maintained Hochschild Mining Plc (LON:HOC) rating on Tuesday, September 8. Morgan Stanley has “Equalwt/In-Line” rating and GBX 75 price target. The stock has “Hold” rating given by Numis Securities on Wednesday, August 17. The firm has “Buy” rating given on Tuesday, January 26 by UBS. HSBC maintained the shares of HOC in a report on Friday, September 11 with “Buy” rating. The rating was maintained by Numis Securities with “Add” on Wednesday, September 7. As per Friday, October 14, the company rating was maintained by JP Morgan.

Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. The company has a market cap of 1.13 billion GBP. It has approximately three operating mines located in southern Peru and approximately one operating mine (San Jose) located in Argentina. It currently has negative earnings. The Company’s divisions include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.

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