Hochschild Mining (LON:HOC) Price Target Raised to GBX 800

Hochschild Mining (LON:HOC) had its price objective lifted by equities researchers at Berenberg Bank from GBX 570 to GBX 800 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 15.94% from the stock’s previous close.

A number of other research firms also recently commented on HOC. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 625 price objective on shares of Hochschild Mining in a report on Wednesday. JPMorgan Chase & Co. upgraded Hochschild Mining to an “overweight” rating and boosted their target price for the stock from GBX 820 to GBX 840 in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 671.

Hochschild Mining Stock Up 2.6%

Hochschild Mining stock opened at GBX 690 on Friday. Hochschild Mining has a 1-year low of GBX 266.60 and a 1-year high of GBX 849.50. The company has a debt-to-equity ratio of 27.51, a current ratio of 1.08 and a quick ratio of 1.87. The stock has a market cap of £3.55 billion, a PE ratio of 17.69, a P/E/G ratio of 0.41 and a beta of 0.95. The stock’s fifty day moving average is GBX 495.69 and its two-hundred day moving average is GBX 586.78.

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.