Hochschild Mining (LON:HOC) Given New GBX 570 Price Target at Berenberg Bank

Hochschild Mining (LON:HOC) had its price target increased by analysts at Berenberg Bank from GBX 430 to GBX 570 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential downside of 8.87% from the company’s current price.

HOC has been the topic of a number of other reports. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. cut shares of Hochschild Mining to a “neutral” rating and raised their price objective for the company from GBX 600 to GBX 670 in a research note on Monday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 340 target price on shares of Hochschild Mining in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 483.33.

Hochschild Mining Stock Performance

HOC stock opened at GBX 625.50 on Thursday. The company has a 50 day moving average price of GBX 468.65 and a 200 day moving average price of GBX 373.75. Hochschild Mining has a fifty-two week low of GBX 166 and a fifty-two week high of GBX 634. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a market capitalization of £3.22 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Insider Transactions at Hochschild Mining

In other Hochschild Mining news, insider Mike Sylvestre purchased 1,620 shares of the stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of GBX 331 per share, for a total transaction of £5,362.20. Insiders own 43.62% of the company’s stock.

Hochschild Mining Company Profile

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.