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HOC Hochschild Mining Plc

-1.60 (-1.03%)
22 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hochschild Mining Plc LSE:HOC London Ordinary Share GB00B1FW5029 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.60 -1.03% 153.00 1,747,485 16:35:03
Bid Price Offer Price High Price Low Price Open Price
150.80 151.20 153.00 147.80 150.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Silver Ores USD 735.64M USD 2.96M USD 0.0058 260.69 777.86M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:09:09 O 2,905 150.413 GBX

Hochschild Mining (HOC) Latest News

Hochschild Mining (HOC) Discussions and Chat

Hochschild Mining Forums and Chat

Date Time Title Posts
19/4/202421:28Hochschild - Silver Mining, the place to be!23,203
17/4/202412:22Hochschild Mining - The Serious Traders Thread6,616
24/5/202312:31Hochschild Mining5,081
15/7/202212:26Hocschild Mining - Long Term Value Proposition53

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Hochschild Mining (HOC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-22 17:10:00150.412,9054,369.50O
2024-04-22 17:09:46150.357,42311,160.18O
2024-04-22 17:08:44150.841,9682,968.51O
2024-04-22 17:08:31150.0412,09418,145.84O
2024-04-22 17:02:28153.0015,39023,546.70O

Hochschild Mining (HOC) Top Chat Posts

Top Posts
Posted at 22/4/2024 09:20 by Hochschild Mining Daily Update
Hochschild Mining Plc is listed in the Silver Ores sector of the London Stock Exchange with ticker HOC. The last closing price for Hochschild Mining was 154.60p.
Hochschild Mining currently has 514,458,432 shares in issue. The market capitalisation of Hochschild Mining is £777,861,149.
Hochschild Mining has a price to earnings ratio (PE ratio) of 260.69.
This morning HOC shares opened at 150p
Posted at 13/4/2024 09:16 by mirabeau
HOC-kay dow-kay! - FY23 results and another stunning Brazilian
The Oak Bloke
Mar 14, 2024

'It is in the neighbouring state of Goias to where HOC's Mara Rosa 100k oz pa, low cost gold mine has recently begun operations.

Working on the basis that production is set to rise and costs fall it’s possible to see a path to a $600m EBITDA, which translates to a ~$225m PAT.

Even on a measly PE 2027 of 8 that suggests HOC’s upside is 1.4X upside from £586m to £1406m, or a target price of £2.64'


Thanks to TOB for this superb and comprehensive analysis of link to read the whole report with calcs and graphs
Posted at 17/3/2024 09:27 by stevea171
Silver. Gold is consolidating from its recent $2180 high but silver is still moving higher. Friday it hit $25.40 and still closed above $25 at $25.18.

Next ST moves: $26, $28 then $40.

HOC is at a 21 month high and looks to be heading higher on the back of an improved outlook and the surge in gold and silver which is expected to continue.

HOC share price is responding to FY results on Wednesday that II's didn't take exception to but rather are looking to the big picture of growth this year and beyond (option to acquire Monte do Carmo project in Brazil announced this month which could be another Mara Rosa 100k oz pa gold mine with massive exploration upside) and the silver lining - silver!

Not included in HOC's valuation at all is it's under the radar 20% holding in Aclara which is likely to become a billion $ company with the discovery of a second RE deposit in Brazil which is at least 4 times larger than the original deposit in Chile.

Institutions can see how over priced the markets are generally and will be moving to increase exposure to gold and the miners. London listed PM miners of sufficient size that institutions would favour have been declining over the years with the most recent de-listings being Polymetal and Petropavlovsk. The PM miners investing universe in the Ftse350 is reduced to just 4 companies now - Endeavour, Fresnillo, Centamin and HOC - and of these HOC is the one with the best growth trajectory. Remember HOC was on the fringe of Ftse100 promotion some years ago and this is a future possibility under new management and with the sale/ditching of projects incl 10 million oz Volcan that could be worth $200 million by itself.
Posted at 13/3/2024 07:56 by stevea171
Sotolo. I was expecting poor results today. Probably there will be a hit to the share price but what do I know? I thought the same with the Interim results but the II's thought differently. Ultimately the share price is down to them - especially the North American market which trades mainly after 2.30pm here.

Medium tern, long term HOC should get back to where it was years ago with much higher production and profitability but it has been set back by the closures of Arcata and Pallancata with no replacement till now with Mara Rosa, the permitting process in Peru and the Socialist government in Argentina during Covid and since.
Posted at 04/3/2024 09:14 by stevea171
2/3/24. Motley Fool. 2 dirt cheap FTSE 250 stocks I’d add to my ISA before April’s deadline!

Hochschild Mining (LSE:HOC) is one such stock on my radar today. The gold and silver producer — which has operations across The Americas — trades on a forward price-to-earnings (P/E) ratio of 6 times.

I think the potential benefits of owning Hochschild shares outweigh the drawbacks, and especially at current prices.

What’s more, I’m encouraged by the FTSE 250 firm’s plans to turbocharge production. After the successful first pouring of gold at its Mara Rosa in Brazil in February, group production is predicted at 343,000-360,000 gold equivalent ounces in 2024.
That’s up from the 300,749 ounces it recorded last year.

Hochschild has also targeted Brazil as a key growth pillar, and recently commented that “Mara Rosa will provide near-term production at a significantly lower cost, with strong potential to find additional resources through the Company’s brownfield exploration programme“.
Posted at 21/2/2024 18:03 by rathkum
IC coment

Hochschild pours first gold from Mara Rosa

A new mine built on time is worthy of applause. Hochschild Mining (HOC) has poured the first gold brick from its new Mara Rosa operation in Brazil, after a quick build process. Commercial production is expected by the end of June. The new mine, outside its home country of Peru, will provide Hochschild with 83,000-93,0000 ounces of gold this year.

Last month, the company set its 2024 guidance at 343,000-360,000 gold equivalent ounces, up from the 300,000 gold equivalent ounces in 2023. Peel Hunt analysts said the mine reaching full production could bring on another positive announcement from Hochschild management: “As Mara Rosa settles into its production rhythm and management completes spending on that site, we suspect that Hochschild will start paying dividends again,” they said.
Posted at 07/2/2024 15:26 by stevea171
Gold: $2040. Silver $22.33. Gold:silver ratio: 91:1

This gold to silver ratio of 91 is very high on an historic basis.

Gold has been doing well with holding its break out above $2000 but silver has been range bound for the past 3.5 years and has made no corresponding move.

When it happens, likely in the next PM surge, silver should quickly move to $28, $30 and then $50.

Every man and his dog will want a piece of the action. Of the London listed miners HOC and FRES are the most liquid with decent exposure to silver. Then, if not before, we should see the HOC share price hitting 200p, 300p and more. (HOC was last at 300p in mid 2020 and 200p in 2021.)
Posted at 02/2/2024 08:32 by rathkum
FTSE 350 Review: The gold miners best-placed to grow
Only Endeavour Mining has kept pace with the gold price, but its recent drama shifts the focus onto smaller players
February 1, 2024
by Alex Hamer

Gold hit a new record high at the end of last year, and has floated above the $2,000 an ounce (oz) mark since. Gold and silver companies have not enjoyed the same progress, with equity and earnings upside limited by investor caution and higher costs. A longer-term view points to the tough time mining investors have had; in the past five years, only Endeavour Mining (EDV) has come close to matching the gold price.

The sector-wide view is narrow in this case because of the small number of miners in London’s top two indices. But there is value there, given the path of the gold price and the fact miners are now getting a hold on costs. The smallest of this cohort, Centamin (CEY) just announced a lower-than-expected all-in sustaining cost for 2024, raising profit expectations.

The Egyptian miner did report higher operating costs for the second half, however, so the outlook is not entirely set fair. Still a one-mine play, Centamin is also throwing cash at more drilling in the same region as its Sukari mine.

The other three precious metals specialists had a less dramatic 2023. Hochschild Mining (HOC) received its long-awaited permit for an expansion of the Inmaculuda mine in Peru, and its share price rebounded to over 100p, a 40 per cent bounce. The miner was also boosted by its new Brazilian operation, Mara Rosa. Having a mine outside Peru also cuts the single-country risk discount applied.

Hochschild’s adjusted Ebitda is expected to climb by 22 per cent this year to $289mn, as per broker Peel Hunt, although this is still $100mn below the 2021 figure.


We have buy ratings on Endeavour, Fresnillo and Centamin, after turning bearish on Hochschild in 2022 over its permitting issues. But that issue is now cleared up, and the company is set to expand output significantly in the coming year, so we shift the company back to the favourites list. It will take some time for the profits to flow through, but Hochschild is now on more stable footing, albeit 25 per cent more expensive than when we first put it on a sell rating. Peel Hunt forecasts that adjusted cash profit will rise from $237mn in 2023 to $289mn this year.
Posted at 23/8/2023 18:22 by rathkum
Things are finally looking up for Hochschild Mining, says Berenberg

Berenberg has hiked its target price for the shares of precious metal producer Hochschild Mining by 30%, saying it's time to "revisit the investment case" after a tough number of years for the company.
Hochschild Mining
17:05 23/08/23

The broker lifted its target from 100p to 130p, and reiterated a 'buy' stance on the stock, which was up 1.8% at 86.95p on Wednesday morning.

"Since 2018, 12 of the top 20 shareholders have reduced their stake in Hochschild, including the Hochschild family, which sold a 12% interest in 2020, with six shareholders fully selling out. In our view, investor interest is at its lows and now is the time to revisit the investment case," said analysts Richard Hatch and William Dalby.

Hochschild announced in early August that it had finally received a modified environmental impact assessment (MEIA) for its Inmaculada mine in Peru, a long-delayed milestone that has been hanging on the stock since the first half of 2022. For context, Inmaculada represents two thirds of production and 80% of operational free cash flow.

Meanwhile, the falling production and impending closure of the Pallancata project due to a lack of economic ore has also weighed on sentiment, Berenberg said.

However, there are now three key reasons to be optimistic, the broker believes: first, the MEIA for Inmaculada being approved; second, the new Mara Rosa mine in Brazil coming online in the coming year; and thirdly, the balance sheet approaching peak leverage, with net debt-to-EBITDA at 1.29x by the end of 2023.

"We think that as the company turns the corner operationally, and ramps up Mara Rosa, it will materially de-risk the investment case, and believe that with limited investor interest due to recent challenging years, the time is right to dust off the file on Hochschild."
Posted at 10/5/2023 14:56 by blackhorse23
BOE interest rates hike tomorrow which will effect HOC share price , likely drop
Posted at 09/11/2022 08:43 by wisteria2
HOC share price moving up nicely!! up over 10 percent in a few days.
Hochschild Mining share price data is direct from the London Stock Exchange

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