Hochschild Mining (LON:HOC) Price Target Raised to GBX 570

Hochschild Mining (LON:HOC) had its price target boosted by Berenberg Bank from GBX 430 to GBX 570 in a research report released on Thursday, Marketbeat reports. The firm currently has a hold rating on the stock.

Other research analysts also recently issued reports about the company. Peel Hunt reissued a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. downgraded shares of Hochschild Mining to a “neutral” rating and raised their price objective for the stock from GBX 600 to GBX 670 in a research report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Price Performance

HOC stock opened at GBX 702 on Thursday. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The firm has a market cap of £3.61 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 0.41 and a beta of 1.08. The company’s fifty day simple moving average is GBX 480.07 and its 200 day simple moving average is GBX 379.27. Hochschild Mining has a 12-month low of GBX 166 and a 12-month high of GBX 707.50.

Insider Activity

In other Hochschild Mining news, insider Mike Sylvestre purchased 1,620 shares of Hochschild Mining stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of GBX 331 per share, with a total value of £5,362.20. 43.62% of the stock is currently owned by corporate 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.