Hochschild Mining (LON:HOC) Stock Rating Reaffirmed by Berenberg Bank
Hochschild Mining (LON:HOC)‘s stock had its “sell” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 190 ($2.48) price target on the stock. Berenberg Bank’s price objective indicates a potential downside of 11.87% from the stock’s current price.
HOC has been the topic of several other research reports. UBS Group upgraded Hochschild Mining to a “buy” rating and boosted their price objective for the stock from GBX 215 ($2.81) to GBX 230 ($3.01) in a report on Wednesday, June 26th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Hochschild Mining in a research note on Monday, August 5th. Barclays lifted their target price on Hochschild Mining from GBX 185 ($2.42) to GBX 195 ($2.55) and gave the company an “equal weight” rating in a research note on Thursday, July 4th. Numis Securities lowered their target price on Hochschild Mining from GBX 190 ($2.48) to GBX 180 ($2.35) and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on Hochschild Mining from GBX 150 ($1.96) to GBX 170 ($2.22) and gave the company a “neutral” rating in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Hochschild Mining has an average rating of “Hold” and a consensus target price of GBX 213.57 ($2.79).
LON HOC traded down GBX 6.40 ($0.08) on Wednesday, hitting GBX 215.60 ($2.82). 817,797 shares of the company were exchanged, compared to its average volume of 1,380,000. The company’s 50 day moving average price is GBX 204.75. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 19.88. The company has a market cap of $1.14 billion and a price-to-earnings ratio of 86.24. Hochschild Mining has a twelve month low of GBX 146.65 ($1.92) and a twelve month high of GBX 224 ($2.93).
Hochschild Mining plc, a precious metals company, explores for, mines, processes, and sells silver and gold in the Americas. The company also offers doré and concentrates. It holds a 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru; and Arcata, an underground operation located in the Department of Arequipa in southern Peru, as well as a 51% interest in the San Jose silver/gold mine is located in Argentina.
Featured Article: How much can an individual set aside as a catch-up contribution?
Receive News & Ratings for Hochschild Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hochschild Mining and related companies with MarketBeat.com's FREE daily email newsletter.