JPMorgan Chase & Co. Upgrades Hochschild Mining (LON:HOC) to Overweight

Hochschild Mining (LON:HOC) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a report released on Thursday,Digital Look reports. The firm currently has a GBX 840 price objective on the stock, up from their prior price objective of GBX 820. JPMorgan Chase & Co.‘s target price points to a potential upside of 86.42% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 590 price target on shares of Hochschild Mining in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 564.

Hochschild Mining Stock Down 2.2%

Hochschild Mining stock opened at GBX 450.60 on Thursday. The stock has a 50 day moving average of GBX 527.73 and a two-hundred day moving average of GBX 605.28. Hochschild Mining has a twelve month low of GBX 246.20 and a twelve month high of GBX 849.50. The stock has a market capitalization of £2.32 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.41 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 1.87 and a debt-to-equity ratio of 47.67.

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.