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Hochschild Mining plcLSE:HOC Stock Report

Market Cap UK£1.6b
Share Price
UK£3.13
My Fair Value
UK£24
87.0% undervalued intrinsic discount
1Y74.8%
7D-5.4%
Portfolio Value
​
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Hochschild Mining plc

LSE:HOC Stock Report

Market Cap: UK£1.6b

Hochschild Mining (HOC) Stock Overview

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile. More details

HOC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance6/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 76.1% below our estimate of its fair value

Earnings are forecast to grow 22.17% per year

Earnings grew by 407.7% over the past year

Risk Analysis

No risks detected for HOC from our risk checks.

HOC Community Fair Values

Create Narrative

See what 67 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Hochschild Mining

Silver Play by A Family with 10x Potential

Hochschild Mining – Overview Location : South America Production (2025) : Gold: 250,000 oz Silver: 8 million oz (excluding Pallancata C&M) AISC (Break-even) : Gold: ~$1,850/oz Silver: ~$24/oz Cash Flow Margin at $4,000 gold / $100 silver : Strong Debt : $350M $100M due in 2024 $89M cash on hand $200M additional credit available New & Future Projects Mara Rosa (Brazil) : 80,000 oz/year (low cost) Started in 2024 Royropata (Peru) : 100,000 oz AUEQ (3M oz silver/year) Starts in 2028 Monte Do Carmo (Brazil) : 90,000 oz gold Permitting stage – expected 2028 Volcan (Chile) : 9 million oz gold (.7 gpt) Potential 330K oz/year AISC: ~$1,000 Capex: $900M Production could begin 2028–2030 Not included in cash flow estimate (optional upside or sale) Ownership 50% owned by one family Dividends are a priority Unlikely to sell – growth focus Valuation at $4,000 Gold / $100 Silver Assume production from 2028 with 400K oz gold & 10M oz silver: Gold FCF : 400,000 oz × ($4,000 – $1,850) = $860M Silver FCF : 10,000,000 oz × ($100 – $24) = $760M Total Annual FCF ≈ $1.62B Valuation at 10x FCF = $16.2B Conclusion If Hochschild Mining executes on new projects and gold reaches $4,000/oz, silver hits $100/oz, the company could be worth over $16 billion. However, high debt, permitting risks, and political red flags (Argentina, Peru, Chile) may keep valuation multiples conservative.
View narrative
UK£24
FV
87.0% undervalued intrinsic discount
68.48%
Revenue growth p.a.
5users have liked this narrative
10users have commented on this narrative
34users have followed this narrative
5 months ago author updated this narrative
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Hochschild Mining

Mara Rosa Recovery And New Exploration Will Boost Production

Key Takeaways Operational improvements, exploration success, and project pipeline diversification are set to boost output, extend mine life, and reduce risk. Strong gold and silver demand and strengthened ESG credentials support higher revenues, valuation, and investor appeal.
View narrative
UK£3.32
FV
5.9% undervalued intrinsic discount
6.00%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
22users have followed this narrative
13 days ago author updated this narrative
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Hochschild Mining plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hochschild Mining
Historical stock prices
Current Share PriceUK£3.13
52 Week HighUK£3.49
52 Week LowUK£1.66
Beta0.37
1 Month Change4.83%
3 Month Change26.97%
1 Year Change74.83%
3 Year Change417.12%
5 Year Change46.21%
Change since IPO-11.94%

Recent News & Updates

There Is A Reason Hochschild Mining plc's (LON:HOC) Price Is Undemanding

Aug 28
There Is A Reason Hochschild Mining plc's (LON:HOC) Price Is Undemanding

Recent updates

There Is A Reason Hochschild Mining plc's (LON:HOC) Price Is Undemanding

Aug 28
There Is A Reason Hochschild Mining plc's (LON:HOC) Price Is Undemanding

Is There An Opportunity With Hochschild Mining plc's (LON:HOC) 24% Undervaluation?

May 27
Is There An Opportunity With Hochschild Mining plc's (LON:HOC) 24% Undervaluation?

Subdued Growth No Barrier To Hochschild Mining plc (LON:HOC) With Shares Advancing 37%

Mar 20
Subdued Growth No Barrier To Hochschild Mining plc (LON:HOC) With Shares Advancing 37%
User avatar

Mara Rosa And Royropata Projects Will Expand Future Operations

Strategic developments in Brazil and Peru will enhance Hochschild's gold and silver output, bolstering revenues and production capabilities.

Investors Continue Waiting On Sidelines For Hochschild Mining plc (LON:HOC)

Jan 27
Investors Continue Waiting On Sidelines For Hochschild Mining plc (LON:HOC)

Investors Still Aren't Entirely Convinced By Hochschild Mining plc's (LON:HOC) Revenues Despite 28% Price Jump

Oct 27
Investors Still Aren't Entirely Convinced By Hochschild Mining plc's (LON:HOC) Revenues Despite 28% Price Jump

A Look At The Intrinsic Value Of Hochschild Mining plc (LON:HOC)

Apr 25
A Look At The Intrinsic Value Of Hochschild Mining plc (LON:HOC)

Hochschild Mining plc (LON:HOC) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Mar 16
Hochschild Mining plc (LON:HOC) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

A Piece Of The Puzzle Missing From Hochschild Mining plc's (LON:HOC) Share Price

Dec 18
A Piece Of The Puzzle Missing From Hochschild Mining plc's (LON:HOC) Share Price

Here's Why Hochschild Mining (LON:HOC) Is Weighed Down By Its Debt Load

Sep 28
Here's Why Hochschild Mining (LON:HOC) Is Weighed Down By Its Debt Load

Hochschild Mining plc's (LON:HOC) Intrinsic Value Is Potentially 41% Above Its Share Price

Aug 03
Hochschild Mining plc's (LON:HOC) Intrinsic Value Is Potentially 41% Above Its Share Price

Hochschild Mining plc (LON:HOC) Shares Could Be 31% Below Their Intrinsic Value Estimate

Mar 14
Hochschild Mining plc (LON:HOC) Shares Could Be 31% Below Their Intrinsic Value Estimate

Hochschild Mining (LON:HOC) Might Have The Makings Of A Multi-Bagger

Feb 24
Hochschild Mining (LON:HOC) Might Have The Makings Of A Multi-Bagger

Shareholder Returns

HOCGB Metals and MiningGB Market
7D-5.4%2.2%-0.5%
1Y74.8%6.6%9.5%

Return vs Industry: HOC exceeded the UK Metals and Mining industry which returned 6.6% over the past year.

Return vs Market: HOC exceeded the UK Market which returned 9.5% over the past year.

Price Volatility

Is HOC's price volatile compared to industry and market?
HOC volatility
HOC Average Weekly Movement6.4%
Metals and Mining Industry Average Movement8.6%
Market Average Movement4.7%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: HOC has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: HOC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19113,212Eduardo Navarrowww.hochschildmining.com

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile. The company’s flagship asset includes the 100% owned Inmaculada gold and silver underground mine consisting of 40 mining concessions covering an area of approximately 20,000 hectare located in the Ayacucho Department, southern Peru. It is also involved in the power generation and transmission activities.

Hochschild Mining plc Fundamentals Summary

How do Hochschild Mining's earnings and revenue compare to its market cap?
HOC fundamental statistics
Market capUK£1.64b
Earnings (TTM)UK£108.75m
Revenue (TTM)UK£788.61m
14.8x
P/E Ratio
2.0x
P/S Ratio

Is HOC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HOC income statement (TTM)
RevenueUS$1.08b
Cost of RevenueUS$687.43m
Gross ProfitUS$388.54m
Other ExpensesUS$240.16m
EarningsUS$148.38m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.29
Gross Margin36.11%
Net Profit Margin13.79%
Debt/Equity Ratio42.6%

How did HOC perform over the long term?

See historical performance and comparison

Dividends

0.5%
Current Dividend Yield
10%
Payout Ratio

Does HOC pay a reliable dividends?

See HOC dividend history and benchmarks
When do you need to buy HOC by to receive an upcoming dividend?
Hochschild Mining dividend dates
Ex Dividend DateSep 04 2025
Dividend Pay DateOct 03 2025
Days until Ex dividend14 days
Days until Dividend pay date15 days

Does HOC pay a reliable dividends?

See HOC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/17 17:46
End of Day Share Price 2025/09/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hochschild Mining plc is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Izak RossouwBarclays
David Simon ButlerBarclays
Izak RossouwBarclays