JPMorgan Chase & Co. Downgrades Hochschild Mining (LON:HOC) to Neutral

Hochschild Mining (LON:HOC) was downgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Monday,Digital Look reports. They presently have a GBX 670 price target on the stock, up from their previous price target of GBX 600. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.52% from the stock’s current price.

Several other research firms have also recently issued reports on HOC. Berenberg Bank raised their target price on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Canaccord Genuity Group upped their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 407.50.

Hochschild Mining Trading Down 0.9%

LON HOC traded down GBX 5.50 during trading hours on Monday, hitting GBX 580. 2,403,427 shares of the company’s stock were exchanged, compared to its average volume of 5,054,982. The business’s 50 day moving average is GBX 454.67 and its 200-day moving average is GBX 367.59. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. Hochschild Mining has a 12-month low of GBX 166 and a 12-month high of GBX 598. The firm has a market capitalization of £2.98 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Insider Buying and Selling at Hochschild Mining

In related news, insider Mike Sylvestre bought 1,620 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of GBX 331 per share, with a total value of £5,362.20. 43.62% of the stock is owned by insiders.

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.