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Fresnillo vs Hochschild Mining: Which Stock Looks Stronger in 2026?

Fresnillo holds the cleaner structural position, with growth as the main driver and profitability adding further support. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-07-05

The clearest separation starts in growth, with profitability adding a second layer of support. The overall score gap is 9 points in favour of Fresnillo plc.

INDUSTRY COMPARISON

Both operate in: Other Precious Metals & Mining

This comparison is based on industry proximity, not on functional trajectory similarity. FRES.L and HOC.L share the same industry classification.

For a similarity-based comparison, see how Fresnillo and Hochschild Mining each position within their functional peer groups in AssetNext.

Peer-Relative Score
FRES.L
Fresnillo plc
79
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
HOC.L
Hochschild Mining plc
70
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: FRES.L vs HOC.L Profitability 100 85 Stability 52 53 Valuation 66 73 Growth 92 57 FRES.L HOC.L
Gap Ranking
#1 Growth +35
#2 Profitability +15
#3 Valuation +7
#4 Stability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FRES.L and HOC.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FRES.LHOC.L Relative valuation Structural strength

Fresnillo plc still looks stronger overall, though current pricing looks more supportive for Hochschild Mining plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but Fresnillo plc leads clearly.
Profitability
Even on profitability, where both profiles remain strong, Fresnillo plc still holds the higher peer position.
Growth — Dominant Gap
FRES.L
92
HOC.L
57
Gap+35in favour of FRES.L

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Hochschild Mining plc still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Growth is the clearest driver, and profitability also supports Fresnillo plc's broader structural position.

Explore full peer positioning in AssetNext

Break down the FRES.L vs HOC.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-driven comparisons

Explore how FRES.L and HOC.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.