Hochschild MiningMEX:HOCN 62 Gross Margin % is 47.11% as of Dec. 2025, which is 56% above its 10-year median of 30.26. GuruFocus rates MEX:HOCN with a GF Score™ of 62/100 and a GF Value™ of MXN108.85 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 730 Metals & Mining companies, Hochschild Mining ranks better than 67.4% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Hochschild Mining had a gross margin of 47.11% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Hochschild Mining Gross Margin % Related Terms
Hochschild Mining Gross Margin % Historical Data
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The historical data trend for Hochschild Mining's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Precious Metals & Mining subindustry, Hochschild Mining's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hochschild Mining Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hochschild Mining's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hochschild Mining's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Hochschild Mining (MEX:HOCN) has a Gross Margin % of 47.11% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Hochschild Mining and its competitors. This is 56% above median its historical median of 30.26. Over the past decade, Hochschild Mining's Gross Margin % has ranged from 23.81 to 42.69. According to the industry distribution chart, Hochschild Mining ranks #238 out of 730 companies in the Metals & Mining industry, placing it in the top 32.6%.
Is Hochschild Mining's Gross Margin % too high?
Hochschild Mining's current Gross Margin % of 47.11% is 56% above median its 10-year median of 30.26. Over the past 10 years, this metric has ranged from a low of 23.81 to a high of 42.69. The Metals & Mining industry median Gross Margin % is 26.18. Hochschild Mining's value of 47.11% is 80% above this industry median. Based on the distribution chart, Hochschild Mining ranks #238 out of 730 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Hochschild Mining has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochschild Mining's Gross Margin % compare to HL?
According to the Metals & Mining industry distribution chart, Hochschild Mining ranks #238 out of 730 companies for Gross Margin %. This puts Hochschild Mining in the upper half of its industry. The industry median Gross Margin % is 26.18. Hochschild Mining's value of 47.11% is 80% above this benchmark. Historically, Hochschild Mining's own Gross Margin % has ranged from 23.81 to 42.69 over the past decade. While the company's 10-year median is 30.26 vs. the industry median of 26.18, Hochschild Mining has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hochschild Mining's current Gross Margin % of 47.11% is 80% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Hochschild Mining and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hochschild Mining's current Gross Margin % is 47.11%, which is 56% above median its own 10-year median of 30.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochschild Mining stock overvalued right now?
Based on GuruFocus' analysis, Hochschild Mining (MEX:HOCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN108.85, compared to a current price of MXN158.28 — trading 45.4% above its estimated fair value. The current Gross Margin % is 47.11%, which is 56% above median its 10-year median of 30.26 and 80% above the Metals & Mining industry median of 26.18. Hochschild Mining's overall GF Score™ is 62/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Hochschild Mining (MEX:HOCN), the current Gross Margin % is 47.11% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hochschild Mining (MEX:HOCN) Overvalued in 2026?
Based on GuruFocus' analysis, Hochschild Mining stock appears to be overvalued.
The current stock price of MXN158.28 is trading 45.4% above its estimated GF Value™ of MXN108.85.
GuruFocus considers Hochschild Mining to be Significantly Overvalued.
Key valuation signals for MEX:HOCN:
Gross Margin %: 47.11% (56% above median its 10-year median of 30.26)
GF Value™: MXN108.85 vs. price of MXN158.28 (45.4% above fair value)
Industry Position: 80% above the Metals & Mining median (#238 of 730)
No single metric tells the full story. See the MEX:HOCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hochschild Mining PLC is engaged in the mining, processing, and sale of silver and gold. It has one operating mine (Inmaculada) located in southern Peru, one operating mine (San Jose) located in Argentina, and one operating mine (Mara Rosa) located in Brazil. The Group also has a portfolio of projects located across Peru, Argentina, Brazil, and Chile, at various stages of development. Its reportable segments are Inmaculada, San Jose, Mara Rosa, Pallancata, Exploration, and Other. A majority of its revenue is generated from the Inmaculada segment, which generates revenue from the sale of gold and silver (dore). Geographically, the group generates maximum revenue from Canada, followed by Switzerland, the USA, Peru, South Korea, Germany, Japan, and other regions.
62GF Score
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