Hochschild Mining plc

LSE:HOC Stock Report

Market Cap: UK£3.5b

Hochschild Mining Future Growth

Future criteria checks 5/6

Hochschild Mining is forecast to grow earnings and revenue by 27.2% and 12.1% per annum respectively. EPS is expected to grow by 26.7% per annum. Return on equity is forecast to be 30.4% in 3 years.

Key information

27.2%

Earnings growth rate

26.70%

EPS growth rate

Metals and Mining earnings growth17.3%
Revenue growth rate12.1%
Future return on equity30.37%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 24

HOC: Structurally Bullish Gold View Will Drive Repricing Potential

Hochschild Mining’s updated analyst price target has moved to £990 from £890, with analysts pointing to adjustments in fair value estimates, revenue growth, profit margin assumptions and a slightly lower future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research on Hochschild Mining has been mixed, with several price target changes and one rating upgrade helping to frame how analysts view the balance of risk and reward at current levels.
Narrative Update • Apr 08

HOC: Structurally Bullish Gold Backdrop Will Drive Repricing Potential

Analysts have trimmed their average price target for Hochschild Mining by around £0.27. This reflects slightly lower fair value estimates and modestly softer assumptions for revenue growth and profit margins, even as recent research updates show mixed shifts in stock ratings and target levels.
Narrative Update • Mar 25

HOC: Higher Margins And 2026 Production Guidance Will Support Bullish Repricing

The updated analyst price target for Hochschild Mining rises by £0.32, supported by analysts citing a higher assumed profit margin and a lower future P/E multiple, while they also apply a slightly higher discount rate and temper revenue growth assumptions. Analyst Commentary Recent Street research on Hochschild Mining shows a series of price target changes and rating shifts that give you a sense of how views are evolving around valuation, growth prospects and execution risk.
Narrative Update • Mar 11

HOC: Higher Street Expectations And 2026 Output Guidance Will Support Bullish Repricing

The analyst price target for Hochschild Mining has been revised higher to £8.01 from £7.62. This reflects updated views on fair value, discount rate and assumptions for revenue growth, profit margins and future P/E multiples, informed by recent price target increases at several banks.
Narrative Update • Feb 24

HOC: Mixed Broker Views And 2026 Guidance Will Shape Measured Upside

Analysts have nudged their price targets on Hochschild Mining higher, with recent increases of £1.40 at Berenberg and £0.20 at JPMorgan, tied to updated views on fair value, discount rates and future P/E assumptions. Analyst Commentary Recent research has focused on how fair value assumptions, discount rates and forward P/E levels should line up for Hochschild Mining, which is why you are seeing price target changes in quick succession.
Narrative Update • Feb 10

HOC: Mixed Broker Views And 2026 Output Plans Will Shape Measured Upside

Narrative Update The analyst price target for Hochschild Mining has moved higher. Recent Street research cites an updated fair value of about £7.59 per share, adjusted revenue growth assumptions of around 18% with slightly higher profit margin expectations, and a modestly lower future P/E of about 14x as key drivers.
Analysis Article • Feb 01

Hochschild Mining plc (LON:HOC) Looks Just Right With A 38% Price Jump

Hochschild Mining plc ( LON:HOC ) shares have continued their recent momentum with a 38% gain in the last month alone...
Narrative Update • Jan 27

HOC: Execution Risks And Mixed Broker Stance Will Drive Cautious Future Returns

Analysts have raised their fair value estimate for Hochschild Mining from £5.08 to £6.52 per share, citing updated Street targets from Berenberg and JPMorgan that reflect revised assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research around Hochschild Mining has been mixed, with some price targets moving higher while at least one major bank has shifted to a more cautious stance.
Narrative Update • Jan 09

HOC: Higher Long-Term Gold Price Outlook Will Shape Balanced Future Returns

Narrative Update The analyst price target for Hochschild Mining has been raised to £6.10 from £3.70. The change is supported by higher fair value estimates, slightly adjusted discount rates, updated revenue growth and profit margin assumptions, and analysts citing a higher long term gold price outlook and constructive views on European gold miners.
Analysis Article • Dec 18

Hochschild Mining plc (LON:HOC) Looks Just Right With A 28% Price Jump

Hochschild Mining plc ( LON:HOC ) shares have continued their recent momentum with a 28% gain in the last month alone...
Narrative Update • Dec 15

HOC: Higher Long-Term Gold Prices Will Drive Upside Amid Execution Risks

Analysts have lifted their price target on Hochschild Mining sharply higher, reflecting upgraded fair value estimates to about $4.70, a modestly higher discount rate, and materially stronger assumptions for revenue growth, profit margins, and long term valuation multiples, amid a more bullish outlook for gold prices. Analyst Commentary Recent research updates highlight a materially more constructive stance on Hochschild Mining, with price targets moving sharply higher and long term gold assumptions reset at significantly elevated levels.
Narrative Update • Nov 30

HOC: Substantially Higher Gold Prices Will Drive Over 50% Upside Potential

Analysts have increased their price target for Hochschild Mining, raising it from £3.70 to £6.10 per share. They cite a substantially improved outlook for gold prices and sustained optimism in the sector.
Narrative Update • Nov 16

HOC: Long-Term Gold Forecasts Will Drive Substantial Upside Through 2027

Hochschild Mining’s analyst price target has risen significantly, with new targets ranging from 350 GBp to 610 GBp. Analysts cite stronger long-term gold forecasts and improved sector upside potential. Analyst Commentary Recent analyst activity reflects a mix of optimism and caution regarding Hochschild Mining's valuation and outlook.
Analysis Article • Nov 05

Is Hochschild Mining (LON:HOC) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update • Nov 01

HOC: Stronger Gold Price Outlook Will Drive Substantial Upside Through 2027

Hochschild Mining's analyst price target has increased substantially, rising from £3.70 to £6.10 per share. Analysts cite improved long-term gold price forecasts and expectations for stronger revenue growth and margins.
Narrative Update • Oct 18

Mara Rosa Recovery And New Exploration Will Boost Production

Hochschild Mining's analyst price target has increased significantly from £3.63 to £4.21 per share. Analysts cite improved fair value estimates as well as stronger projected revenue growth and profit margins as key drivers for the upward revision.
Analysis Article • Oct 15

What Hochschild Mining plc's (LON:HOC) 26% Share Price Gain Is Not Telling You

Despite an already strong run, Hochschild Mining plc ( LON:HOC ) shares have been powering on, with a gain of 26% in...
Narrative Update • Oct 04

Mara Rosa Recovery And New Exploration Will Boost Production

Hochschild Mining’s analyst fair value price target has increased modestly by approximately £0.31 to £3.63, as analysts factor in stronger growth projections and improved profit margin expectations. This comes despite a slight rise in risk assumptions.
Analysis Article • Oct 02

We Ran A Stock Scan For Earnings Growth And Hochschild Mining (LON:HOC) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Aug 28

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

When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") above 17x, you may...
Analysis Article • May 27

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

Key Insights Hochschild Mining's estimated fair value is UK£3.82 based on 2 Stage Free Cash Flow to Equity Hochschild...
Analysis Article • Mar 20

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

Hochschild Mining plc ( LON:HOC ) shareholders would be excited to see that the share price has had a great month...
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New Narrative • Feb 15

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.
Analysis Article • Jan 27

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

It's not a stretch to say that Hochschild Mining plc's ( LON:HOC ) price-to-sales (or "P/S") ratio of 1.5x right now...
Analysis Article • Oct 27

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

Hochschild Mining plc ( LON:HOC ) shares have continued their recent momentum with a 28% gain in the last month alone...
Analysis Article • Apr 25

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

Key Insights Using the 2 Stage Free Cash Flow to Equity, Hochschild Mining fair value estimate is UK£1.35 Current share...
Analysis Article • Mar 16

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

Hochschild Mining plc ( LON:HOC ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Dec 18

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

It's not a stretch to say that Hochschild Mining plc's ( LON:HOC ) price-to-sales (or "P/S") ratio of 0.9x right now...
Analysis Article • Sep 28

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

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Earnings and Revenue Growth Forecasts

LSE:HOC - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,9125467247285
12/31/20271,8875416017018
12/31/20261,8154815176948
12/31/20251,182202206424N/A
9/30/20251,129175155399N/A
6/30/20251,076148104374N/A
3/31/20251,01212368348N/A
12/31/20249489733321N/A
9/30/202486063-12257N/A
6/30/202477129-58193N/A
3/31/2024733-13-71186N/A
12/31/2023694-55-84179N/A
9/30/2023698-47-93175N/A
6/30/2023702-39-102171N/A
3/31/2023719-18-167137N/A
12/31/20227363-231103N/A
9/30/202275021-165143N/A
6/30/202276439-100184N/A
3/31/20227885816234N/A
12/31/202181177132285N/A
9/30/202179867151292N/A
6/30/202178558170298N/A
3/31/202170337129247N/A
12/31/20206221588195N/A
9/30/20206281156197N/A
6/30/2020633724199N/A
3/31/20206941852241N/A
12/31/20197562981283N/A
9/30/201972121N/A226N/A
6/30/201968614N/A169N/A
3/31/201969513N/A178N/A
12/31/201870413N/A186N/A
9/30/201872922N/A228N/A
6/30/201875431N/A271N/A
3/31/201873836N/A252N/A
12/31/201772342N/A234N/A
9/30/201770641N/A243N/A
6/30/201769041N/A252N/A
3/31/201768943N/A284N/A
12/31/201668846N/A316N/A
9/30/2016653-58N/A288N/A
6/30/2016618-162N/A260N/A
3/31/2016544-198N/A196N/A
12/31/2015469-235N/A133N/A
9/30/2015435-168N/A101N/A
6/30/2015401-101N/A68N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HOC's forecast earnings growth (27.2% per year) is above the savings rate (3.4%).

Earnings vs Market: HOC's earnings (27.2% per year) are forecast to grow faster than the UK market (12.2% per year).

High Growth Earnings: HOC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HOC's revenue (12.1% per year) is forecast to grow faster than the UK market (4.4% per year).

High Growth Revenue: HOC's revenue (12.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HOC's Return on Equity is forecast to be high in 3 years time (30.4%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 23:40
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 20 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