Hochschild Mining (LON:HOC) Price Target Raised to GBX 465

Hochschild Mining (LON:HOC) had its price objective boosted by Canaccord Genuity Group from GBX 350 to GBX 465 in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. UBS Group restated a “buy” rating and issued a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. JPMorgan Chase & Co. dropped their price objective on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a report on Thursday, August 28th. Peel Hunt restated a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a report on Tuesday, October 7th. Finally, Berenberg Bank increased their price objective on Hochschild Mining from GBX 280 to GBX 380 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 347.86.

Hochschild Mining Price Performance

LON HOC opened at GBX 429.20 on Monday. The company has a 50 day simple moving average of GBX 329.95 and a 200-day simple moving average of GBX 294.13. 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 firm has a market capitalization of £2.21 billion, a price-to-earnings ratio of 1,480.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 52-week low of GBX 166 and a 52-week high of GBX 429.20.

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.