Hochschild Mining’s (HOC) Buy Rating Reaffirmed at Jefferies Financial Group

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 625 target price on the stock. Jefferies Financial Group’s target price points to a potential downside of 7.68% from the company’s current price.

Other equities research analysts have also issued reports about the company. Berenberg Bank upgraded Hochschild Mining to a “buy” rating and set a GBX 570 price objective on the stock in a research note on Monday, July 27th. JPMorgan Chase & Co. upgraded Hochschild Mining to an “overweight” rating and raised their target price for the stock from GBX 820 to GBX 840 in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 625.

Hochschild Mining Stock Performance

LON:HOC opened at GBX 677 on Wednesday. Hochschild Mining has a 12-month low of GBX 246.20 and a 12-month high of GBX 849.50. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67. The firm has a market capitalization of £3.48 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The firm has a 50-day moving average price of GBX 492.84 and a 200 day moving average price of GBX 586.86.

About Hochschild Mining

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years’ operating experience in the Americas.

We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.