Canaccord Genuity Group Reiterates Buy Rating for Hochschild Mining (LON:HOC)

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 750 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 10.48% from the company’s previous close.

HOC has been the subject of a number of other research reports. Berenberg Bank lifted their price objective on Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. downgraded Hochschild Mining to a “neutral” rating and upped their target price for the stock from GBX 600 to GBX 670 in a research note on Monday, January 19th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hochschild Mining has an average rating of “Moderate Buy” and a consensus target price of GBX 536.67.

Hochschild Mining Trading Up 4.5%

LON HOC opened at GBX 678.87 on Thursday. Hochschild Mining has a 1 year low of GBX 216.50 and a 1 year high of GBX 849.50. The company has a debt-to-equity ratio of 49.70, a current ratio of 0.75 and a quick ratio of 1.87. The company has a market capitalization of £3.49 billion, a PE ratio of 23.41, a P/E/G ratio of 0.41 and a beta of 0.80. The company has a fifty day moving average of GBX 662.70 and a 200 day moving average of GBX 477.54.

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.