J P Morgan Chase & Co Reiterates “Underweight” Rating for Hochschild Mining (HOC)
Hochschild Mining (LON:HOC)‘s stock had its “underweight” rating reiterated by research analysts at J P Morgan Chase & Co in a research note issued on Thursday. They currently have a GBX 235 ($3.16) price target on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 5.90% from the company’s current price.
Other analysts also recently issued reports about the company. Numis Securities restated an “add” rating and issued a GBX 260 ($3.50) price target on shares of Hochschild Mining in a research note on Thursday, October 19th. Royal Bank Of Canada upgraded Hochschild Mining to an “outperform” rating and boosted their price target for the company from GBX 260 ($3.50) to GBX 270 ($3.63) in a research note on Thursday, November 2nd. Finally, Barclays reduced their price target on Hochschild Mining from GBX 285 ($3.84) to GBX 235 ($3.16) and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 260.83 ($3.51).
Hochschild Mining (LON:HOC) traded up GBX 2.80 ($0.04) on Thursday, reaching GBX 221.90 ($2.99). The company had a trading volume of 1,098,256 shares, compared to its average volume of 1,250,000. Hochschild Mining has a twelve month low of GBX 186.60 ($2.51) and a twelve month high of GBX 337.60 ($4.54).
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Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. It has approximately three operating mines (Arcata, Pallancata and Inmaculada) located in southern Peru and approximately one operating mine (San Jose) located in Argentina. Its segments include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.
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