Hochschild Mining plc (LON:HOC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Hochschild Mining plc (LON:HOC) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 395.83.

A number of analysts have commented on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a report on Tuesday, October 7th. Berenberg Bank upped their price target on Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a report on Monday, October 13th.

Hochschild Mining Price Performance

Shares of LON HOC opened at GBX 505.50 on Thursday. The firm has a 50-day simple moving average of GBX 394 and a 200-day simple moving average of GBX 333.83. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock has a market capitalization of £2.60 billion, a price-to-earnings ratio of 17.43, 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 510.50.

Insider Activity

In other news, insider Mike Sylvestre acquired 1,620 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of GBX 331 per share, with a total value of £5,362.20. Corporate insiders own 43.62% of the company’s stock.

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. 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.