Hochschild Mining plc (LON:HOC – Get Free Report) shares were up 7.2% during mid-day trading on Friday . The company traded as high as GBX 239.50 ($3.10) and last traded at GBX 239 ($3.10). Approximately 7,378,626 shares traded hands during mid-day trading, an increase of 153% from the average daily volume of 2,911,943 shares. The stock had previously closed at GBX 223 ($2.89).
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on HOC shares. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.89) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research report on Wednesday. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.50) price target for the company in a report on Thursday. Finally, Berenberg Bank decreased their price objective on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hochschild Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.54).
Read Our Latest Analysis on HOC
Hochschild Mining Stock Performance
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.
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