Hochschild Mining Share Discussion Threads

[spagnolia] 07/2/2017 10:59

A few days closing above the 260 level will be very bullish. The previous shorts that broke that level around November time will be getting stopped out so this will in turn help fuel the rise and more upside. Next target is 288 but lots of volume has traded historically between 260 and 288 so might get stuck for a while...looks very bullish though!!

[breaktwister] 07/2/2017 10:49

Shakey, my thoughts exactly re: USD head and shoulders. USD is back over 100 on the index and has actually risen 4 out of the last 5 sessions alongside PM gains. Much more to come from PMs when the dollar slides again.

[hectorp] 07/2/2017 10:35

A brilliant session! well done holders, and myself for a change well in the money here. Target certainly 500 SG

[onedayrodders] 07/2/2017 10:03

We had very good silver sessions from here to the close yesterday ..hoping for a repeat

[onedayrodders] 07/2/2017 09:39

Charles mentioned a theory that it was the Chinese suppressing PM's to keep the price low to accumulate. Perhaps they are buying the $ and paper selling PM's this morning.

[saturdaygirl] 07/2/2017 09:37

Our own inverse head and shoulder pattern gives us an immediate target of 3.00.


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[shakeypremis] 07/2/2017 09:35

Looks like the dollar is going to spoil the party short term. Hopefully it's completing that head and shoulders pattern.

[saturdaygirl] 07/2/2017 09:30

GS

An uplift of 2.80 from the current breakout through this year .


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[saturdaygirl] 07/2/2017 09:15

DT refers to the inverse Head and shoulders pattern with target $19

[dt1010] 07/2/2017 09:12

Best to interpret the chart in your own way

But silver will get to $21 in 2017 is my betting.

[ifthecapfits] 07/2/2017 08:56

Not sure what any of that means DT1 - perhaps you could supply an explanation?

[lauders] 07/2/2017 08:46

Silver dropping & HOC going up at the moment. Hmm... Hope it can continue upwards now.

[goldenshare888] 07/2/2017 07:41

Exactly Shakey, analysts very rarely see the whole picture and often regurgitate simple information.

It is good that more people are seeing the light, though!

NB. Apparently, Stanley Druckenmiller has bought back his entire GOLD position which he sold on the night of Trump's victory.

He is a legendary investor and multi-billionaire.

$1300+ GOLD coming......

$20+ SILVER coming.....

[shakeypremis] 07/2/2017 07:34

Once HOC pays off the debt it's going to have a much lower PE ratio. Combine that event with higher gold and silver prices, higher production etc etc and you have a perfect storm for a huge rerate.

[lauders] 07/2/2017 01:20

Thanks rathkum! Seems like people are becoming more bullish here now and GS888 is becoming a more regular poster LOL! Wish it was someone other than TMF who wrote the above. Not so sure they move companies much when they "tip" them but would be delighted to be proved wrong. Hoping we can blast through 250p today and end the week on a HIGH!

[rathkum] 06/2/2017 22:35

Hi-ho silver!

I’m bullish on FTSE 250 silver miner Hochschild (LSE: HOC) for much the same reasons as I’m keen on Randgold. The company has already reported record production for 2016 and I’m expecting strong financials when it announces its full results in a month’s time. At a current share price of 247p, Hochschild’s dividend should give a running yield matching Randgold’s 1.1%.

If the City consensus is on the mark, earnings per share (EPS) should come in at around $0.11, giving a price-to-earnings ratio of 28, which compares with Randgold’s 33. Precious metals miners tend to trade on more elevated P/Es than many sectors, so I’m not concerned by these multiples. And particularly because both firms are expected to be delivering significantly higher EPS than 2016 by 2018, bringing Randgold’s P/E down to the low 20s and Hochschild’s into the teens.

On this basis, I believe Hochschild’s shares are also very buyable at their current level.

[saturdaygirl] 06/2/2017 20:55

$17.50 broken !

[saturdaygirl] 06/2/2017 20:44

FR now up 7.5%

Surely we must get the ride tomorrow ..

[saturdaygirl] 06/2/2017 20:38

If it goes to £3.00 i`m going to post my old Skyline again !

[onedayrodders] 06/2/2017 20:34

GS .. I think we can say goodbye to 240 for good tomorrow

[saturdaygirl] 06/2/2017 20:25

Gold now on the rampage