Hochschild Mining PLC (GB:HOC)
LSE:HOC
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Hochschild Mining
(LSE:HOC)
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Rating:75Outperform
Price Target:
613.00 p
▼(-12.49% Downside)
Action:Reiterated
Date:04/10/26
The score is driven primarily by the sharp financial improvement in 2024–2025 and very compelling valuation (low P/E and high dividend yield). This is partially offset by mixed technical signals, including a negative MACD and trading below the 50-day moving average.
Positive Factors
Margin Expansion & Revenue Growth
A sustained step-up in revenue (+15.1%) alongside materially higher gross, EBIT and net margins indicates improved operational efficiency and pricing capture. That stronger earnings power supports recurring cash generation capacity and funds reinvestment, dividends, or deleveraging over the medium term.
Negative Factors
Earnings Volatility
Historical swings to a net loss and negative free cash flow across 2022–2023 underline the company's exposure to commodity cycles and operational variability. Such earnings volatility makes forecasting cash available for reinvestment or payouts less certain and raises execution risk over multiple cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion & Revenue Growth
A sustained step-up in revenue (+15.1%) alongside materially higher gross, EBIT and net margins indicates improved operational efficiency and pricing capture. That stronger earnings power supports recurring cash generation capacity and funds reinvestment, dividends, or deleveraging over the medium term.
Read all positive factors
Hochschild Mining (HOC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.80B
Dividend Yield0.31%
Average Volume (3M)2.55M
Price to Earnings (P/E)19.2
Beta (1Y)1.26
Revenue Growth16.33%
EPS Growth101.90%
CountryUK
Employees3,212
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.40
Shares Outstanding514,458,440
10 Day Avg. Volume3,162,417
30 Day Avg. Volume2,548,852
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)4.92
Price to Sales (P/S)2.87
P/FCF Ratio16.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£779.00Price Target Upside11.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.92
Revenue Forecast (FY)£1.79B
Hochschild Mining Business Overview & Revenue Model
Company Description
Hochschild Mining plc is a prominent player in the precious metals sector, engaged in the full lifecycle of gold and silver production, from discovering new deposits to mining, processing, and commercializing these valuable commodities across the ...
How the Company Makes Money
Hochschild Mining makes money primarily by producing and selling precious metals—mainly silver and gold—from its mining operations. Revenue is generated when mined ore is processed into saleable products (typically doré bars and/or concentrates) a...
Hochschild Mining Earnings Call Summary
Earnings Call Date:Aug 27, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a balanced view with strong revenue growth and international expansion being offset by supply chain challenges and decreased domestic sales.Positive Updates
Strong Revenue Growth
The company reported a 15% increase in revenue year-over-year, driven by strong performance in key segments.
Negative Updates
Supply Chain Challenges
Ongoing supply chain disruptions have led to increased costs and delivery delays, impacting profit margins by approximately 2%.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Revenue Growth
The company reported a 15% increase in revenue year-over-year, driven by strong performance in key segments.
Read all positive updates
Company Guidance
The call transcript for Fiscal Year 2025, Fiscal Period 2, dated September 2, 2025, provides limited insights into specific metrics due to the lack of detailed information in the text. However, it features a conversation among Eduardo Landin, Eduardo Noriega, Charles Gordon, and an operator, indicating a structured discussion likely focusing on financial and operational guidance. Unfortunately, without access to the full details of the dialogue, specific metrics such as revenue projections, profit margins, or growth rates remain undisclosed. The presence of multiple key speakers suggests a comprehensive analysis or update, but the transcript does not explicitly enumerate any quantitative guidance or metrics.Hochschild Mining Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.24B | 947.70M | 693.72M | 735.64M | 811.39M |
| Gross Profit | 510.62M | 342.43M | 185.50M | 208.00M | 299.80M |
| EBITDA | 601.29M | 359.10M | 117.38M | 177.74M | 296.02M |
| Net Income | 206.14M | 97.00M | -55.01M | 2.96M | 76.93M |
Balance Sheet | |||||
| Total Assets | 2.16B | 1.65B | 1.42B | 1.42B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 320.02M | 100.78M | 89.13M | 143.84M | 386.79M |
| Total Debt | 344.11M | 319.31M | 351.16M | 321.87M | 304.91M |
| Total Liabilities | 1.28B | 964.15M | 747.23M | 694.57M | 695.27M |
| Stockholders Equity | 721.85M | 610.87M | 608.46M | 657.24M | 695.55M |
Cash Flow | |||||
| Free Cash Flow | 219.23M | 32.57M | -83.62M | -230.79M | 132.34M |
| Operating Cash Flow | 432.81M | 321.25M | 178.76M | 102.92M | 284.70M |
| Investing Cash Flow | -236.08M | -277.00M | -245.51M | -337.58M | -183.43M |
| Financing Cash Flow | 28.20M | -34.82M | 22.77M | -6.59M | 57.13M |
Hochschild Mining Technical Analysis
Negative
700.50
Price Trends
610.39
Negative
639.00
Negative
526.43
Positive
Market Momentum
-11.79
Negative
43.77
Neutral
51.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HOC, the sentiment is Negative. The current price of 700.5 is above the 20-day moving average (MA) of 568.24, above the 50-day MA of 610.39, and above the 200-day MA of 526.43, indicating a neutral trend. The MACD of -11.79 indicates Negative momentum. The RSI at 43.77 is Neutral, neither overbought nor oversold. The STOCH value of 51.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:HOC.
Hochschild Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | £240.37M | 4.86 | 37.38% | ― | 67.11% | 91.17% | |
77 Outperform | £27.91M | 9.64 | 11.74% | 2.48% | 11.31% | -35.09% | |
75 Outperform | £2.80B | 19.22 | 29.48% | 0.31% | 16.33% | 101.90% | |
73 Outperform | £260.76M | 6.43 | 43.19% | ― | 75.97% | 127.98% | |
72 Outperform | £2.16B | 12.33 | 39.66% | 1.35% | 119.53% | 172.75% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | £446.40M | 33.51 | 22.56% | ― | 200.18% | ― |
* Basic Materials Sector Average
GB:HOC
Hochschild Mining
544.50
295.71
118.86%
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GB:GDP
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156.75%
GB:PAF
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GB:SRB
Serabi Gold
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Hochschild Mining Corporate Events
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Hochschild Mining Wins Strong Shareholder Backing at AGM
Positive
Jun 9, 2026
Hochschild Mining said all resolutions at its latest annual general meeting were approved by shareholders, including the receipt of the 2025 report and accounts, the final dividend, director elections and re-elections, and the appointment and remu...
Regulatory Filings and Compliance
Hochschild CEO adjusts stake after long‑term incentive shares vest
Neutral
May 14, 2026
Hochschild Mining has reported a change in the shareholding of its chief executive, Eduardo Landin, following the partial vesting of a 2021 long‑term incentive award. Landin acquired 34,920 ordinary shares on 11 May 2026, which must be held ...
DividendsShareholder Meetings
Hochschild Sets Sterling Rate for 2025 Final Dividend
Positive
May 11, 2026
Hochschild Mining PLC has set the exchange rate for its proposed 2025 final dividend at US$1 to £0.7369, translating to a sterling payment of 3.685 pence per ordinary share. The dividend is scheduled for payment on 16 June 2026, subject to ap...
Business Operations and StrategyFinancial Disclosures
Hochschild Mining Posts Solid Q1 Production and Swings to Net Cash as Brazil Turnaround Advances
Positive
Apr 22, 2026
Hochschild Mining reported first-quarter 2026 attributable production of 75,599 gold equivalent ounces, broadly in line with expectations, driven by solid output from its flagship Inmaculada mine in Peru and a growing contribution from the Mara Ro...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Hochschild Mining Publishes 2025 Annual Report and Sets June AGM
Neutral
Apr 10, 2026
Hochschild Mining has published its 2025 Annual Report and Accounts, following its previously released full-year results, and made the report, shareholder circular and related documents available via the UK National Storage Mechanism and on its we...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Hochschild Mining Sets Auditor Transition from EY to Deloitte
Neutral
Apr 8, 2026
Hochschild Mining has confirmed the planned transition of its external auditor, with Ernst Young LLP resigning after completing the audit for the year ended 31 December 2025 in line with mandatory rotation rules. The company will propose the appo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.