Hochschild Mining plc (LSE: HOC) is a London-based, precious metals mining company with operations in Peru, Chile, Argentina and Mexico. The Company was founded in 1911 and has been listed on the London Stock Exchange since 1925. Hochschild’s principal activities are the exploration, mining, processing and sale of silver and gold.
The Hochschild share price has been on a roller coaster ride over the past year. After hitting an all-time high in early 2018, the stock tumbled following a disappointing earnings report and concerns about slowing growth. However, the shares have rebounded strongly in recent months as investors have become more optimistic about the company’s prospects.
Hochschild is a leading producer of gold and silver, with operations in Peru, Chile, Argentina and Mexico. The company has been one of the biggest beneficiaries of the precious metals boom over the past decade, as its shares have soared from around $3 to nearly $20 at their peak.
However, growth has started to slow in recent years and this was highlighted by a weak earnings report in May 2018.
This led to a sharp sell-off in the stock, which fell to below $10 at one point.
Since then, though, investors have become more positive on Hochschild’s prospects. The company is well-positioned to benefit from continued strong demand for gold and silver, especially given its low cost base.
In addition, it is making progress on several key projects that should boost production over the next few years. As a result, the shares have recovered sharply and are now trading above $17 apiece.
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Fresnillo Share Price
Fresnillo share price is on the rise as investors are confident in the company’s future prospects.
The Mexican silver and gold mining company has seen its share price increase by over 60% since the start of 2016. This is largely due to investor confidence in the company’s ability to weather current challenges and continue to generate strong profits in the future.
Fresnillo is the world’s largest primary silver producer and Mexico’s second largest gold producer. The company has a strong portfolio of high-quality assets, including two producing mines (Saucito and Herradura), four development projects (San Julián, Soledad-Dos Cruces, Fresnillo and Ciénega) and an advanced exploration project (Creston Mascota).
In addition, Fresnillo has a long history of responsible mining practices and a commitment to sustainable development.
This makes it an attractive investment for those looking for exposure to the precious metals sector with a focus on environmental, social and governance (ESG) factors.
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What is Hochschild’S Share Price
Hochschild Mining is a London-based, precious metals mining company with operations in Peru, Argentina and Chile. As of June 2020, the company had a market capitalization of £1.4 billion. The company’s share price has been on a general upward trend over the past five years, reaching a high of around £6 per share in early 2020 before dropping back to around the £4 mark as the Covid-19 pandemic caused widespread economic uncertainty.
While the outlook for the precious metals sector remains positive in the long term, Hochschild’s share price is likely to remain volatile in the short to medium term as global economic conditions continue to be uncertain.
How Has Hochschild’S Share Price Performed Over Time
Hochschild Mining is a precious metals company with mines in Peru, Chile, Argentina and Canada. The company was founded in 1911 and has been listed on the London Stock Exchange since 2002.
Hochschild’s share price has performed well over the past few years, increasing from around £2.50 in early 2016 to highs of over £5 in 2018.
However, the stock has fallen back slightly in 2019 and currently trades at around £4.40 per share. Despite this recent dip, Hochschild remains one of the best-performing precious metals stocks on the London market and is still up over 70% from its 2016 lows.
What Factors Could Affect Hochschild’S Share Price in the Future
Hochschild’s share price could be affected by a variety of factors in the future. The company’s financial performance will be a major driver of its share price, and any deterioration in earnings or cash flow could lead to a sell-off by investors. Additionally, Hochschild is heavily reliant on gold prices, as it is a gold miner.
If gold prices were to fall sharply, this would likely weigh on the stock. Another factor that could affect Hochschild’s share price is geopolitical risk. The company has operations in Peru, Chile and Argentina, and any political or economic turmoil in these countries could adversely impact its business and shares.
Conclusion
The Hochschild share price fell sharply on Thursday after the company announced it would be suspending operations at its mine in Peru. The move came after the Peruvian government declared a state of emergency in the country due to the ongoing protests against President Martín Vizcarra.
Hochschild, which is listed on the London Stock Exchange, said that it would be suspending operations at its Inmaculada gold and silver mine “until further notice” due to the deteriorating security situation in Peru.
The company added that it was “closely monitoring” the situation and would provide updates as appropriate.
The announcement sent shockwaves through the markets, with Hochschild’s share price plunging by more than 10% in early trading on Thursday. The sell-off continued throughout the day, with shares ending the day down 9.5%.
