JPMorgan Chase & Co. Has Lowered Expectations for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its target price decreased by JPMorgan Chase & Co. from GBX 610 to GBX 600 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 44.66% from the company’s previous close.

A number of other research firms have also commented on HOC. Canaccord Genuity Group lifted their price objective on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research note on Monday, October 13th. Peel Hunt restated a “buy” rating and issued a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. Berenberg Bank upped their price target on Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, UBS Group restated a “buy” rating and set a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 395.83.

Hochschild Mining Stock Performance

HOC traded down GBX 1.63 during trading on Wednesday, hitting GBX 414.77. 1,036,856 shares of the stock were exchanged, compared to its average volume of 3,570,558. The firm has a market capitalization of £2.13 billion, a P/E ratio of 14.30, a PEG ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 1-year low of GBX 166 and a 1-year high of GBX 442.24. The stock has a fifty day moving average price of GBX 366.50 and a two-hundred day moving average price of GBX 314.19. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

Insiders Place Their Bets

In other Hochschild Mining news, insider Mike Sylvestre purchased 1,620 shares of Hochschild Mining stock in a transaction on Thursday, October 30th. The shares were bought at an average price of GBX 331 per share, with a total value of £5,362.20. Company 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.