Hochschild Mining HOC.L
United KingdomBasic Materials · Other Precious Metals & MiningLondon Stock Exchange · GBP
7.38 GBP (+41.9%)
11 analysts
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Hochschild Mining is a precious metals mining company (gold and silver) with operations mainly in Peru, which explores, develops, and produces through its underground mines.
Listed on London Stock Exchange · Symbol HOC.L · LON: HOC · Currency GBP
Key points
from its scores- ✓Good share-price trend9.2
- ✓Attractive valuation8.5
- ✓Very solid balance sheet8.3
- ✕Little or no dividend4.1
AI analysis
bottom line, main risk, context and newsHold, given strong momentum and attractive valuation, but watch the sustainability of growth in an environment of falling precious metals prices.
Hochschild Mining shows solid fundamentals with an ROIC of 75.15% and an operating margin of 49.26%, although its exceptional growth (revenue +62.4%) reflects a possible peak cycle in an environment of falling gold prices.
The main risk is operational exposure to Peru, with institutional and regulatory risk that could affect operational stability and legal security.
Context and risks
Hochschild Mining operates gold and silver mines in Peru, a country with moderate institutional and governance risk, which can affect legal security and operational stability. Although the UK is the headquarters, operational exposure to Peru introduces jurisdictional risk not reflected in financial metrics.
Is Hochschild Mining stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 48% below the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.1 | 19.2 | −37% |
| EV / EBITDA | 4.2 | 10.0 | −58% |
| Price / book | 4.9 | 2.3 | +117% |
| Price / sales | 2.3 | 2.2 | +7% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.5 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 7.38 GBP, +41.9% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 8.3 (sector 7.1), Growth 7.2 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 12.1
- Forward P/E
- 8.9
- EV / EBITDA
- 4.2
- Price / book
- 4.9
- Price / sales
- 2.3
- PEG
- 0.78
- Market cap
- 2.7B GBP
- Enterprise value
- 3.5B USD
Profitability
- ROE
- 42.2%
- ROA
- 21.0%
- ROIC (approx.)
- 75.2%
- Gross margin
- 52.7%
- Operating margin
- 49.3%
- Net margin
- 20.0%
- Free cash flow
- 336.9M USD
- FCF yield
- 9.5%
- Cash conversion
- 40%
Solvency
- Total debt
- 266.1M USD
- Net debt
- −22.2M USD
- Cash
- 288.3M USD
- EBITDA
- 839.1M USD
- Net debt / EBITDA
- −0.03
- Debt / equity
- 24.10
- Current ratio
- 1.08
- Quick ratio
- 0.80
Growth
- Revenue growth
- +62.4%
- Earnings growth
- +105.6%
- EPS (TTM)
- 0.43 GBP
- EPS (forward)
- 0.59 GBP
Dividend
- Dividend yield
- 1.3%
- Payout
- 10.3%
Risk and market
- Beta
- 1.02
- Analyst consensus
- Buy (11)
- Target price
- 7.38 GBP
Recent news
All HOC.L news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Hochschild Mining
Is Hochschild Mining stock cheap or expensive?
On P/E and EV / EBITDA, it trades 48% below the Basic Materials median on average. Valuation score: 8.5 out of 10 (median for Basic Materials: 5.8). Average analyst target: 7.38 GBP, +41.9% versus the price. This is not investment advice.
What score does Hochschild Mining get on MeridIAn Screener?
It scores 7.6 out of 10, rank 33 of 2,130 (better than 98% of the companies analysed). Its strongest category is Momentum (9.2) and its weakest, Dividend (4.1). Analysis of 08/10/2026.
What is Hochschild Mining's P/E ratio?
Its P/E is 12.1: the share price equals 12.1 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 8.9.
How much is Hochschild Mining worth on the stock market?
Its market capitalisation is 2.7B GBP and its enterprise value, debt included, is 3.5B GBP.
How much debt does Hochschild Mining have?
It has more cash than debt: net cash of 22.2M USD.
Does Hochschild Mining pay a dividend?
Yes: its dividend yield is 1.35% and it pays out 10% of its earnings.
How has Hochschild Mining stock performed over the last year?
It has risen 43.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 8.49 GBP. Past performance does not guarantee future results.
What do analysts think of Hochschild Mining?
11 analysts cover it; their average recommendation is “Buy” and their average target is 7.38 GBP (+41.9% versus the price). It is an estimate, not market data.