Hochschild Mining (LON:HOC) Given New GBX 800 Price Target at Berenberg Bank

Hochschild Mining (LON:HOC) had its price objective hoisted by analysts at Berenberg Bank from GBX 570 to GBX 800 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 15.94% from the company’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 625 price objective on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. raised Hochschild Mining to an “overweight” rating and boosted their target price for the stock from GBX 820 to GBX 840 in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 671.

Hochschild Mining Stock Performance

Shares of HOC stock opened at GBX 690 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.08 and a debt-to-equity ratio of 27.51. Hochschild Mining has a 52 week low of GBX 266.60 and a 52 week high of GBX 849.50. The stock has a market capitalization of £3.55 billion, a PE ratio of 17.69, a P/E/G ratio of 0.41 and a beta of 0.95. The firm has a 50 day moving average of GBX 495.69 and a two-hundred day moving average of GBX 586.78.

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.