Berenberg Bank Has Lowered Expectations for Hochschild Mining (LON:HOC) Stock Price

Key Points

• Berenberg Bank has reduced its price target for Hochschild Mining from GBX 300 to GBX 280, maintaining a "hold" rating, which indicates a potential upside of 4.32% from the current stock price.
• Other analysts have varied opinions, with UBS Group giving a "buy" rating at GBX 300 and JPMorgan Chase reducing its target from GBX 390 to GBX 370, reflecting differing market sentiment.
• The stock has a current average rating of "Moderate Buy" and a 52-week trading range between GBX 158.60 and GBX 333.80, indicating potential volatility in market performance.

Hochschild Mining (LON:HOC - Get Free Report) had its price target dropped by equities researchers at Berenberg Bank from GBX 300 to GBX 280 in a report issued on Thursday,London Stock Exchange reports. The brokerage currently has a "hold" rating on the stock. Berenberg Bank's target price points to a potential upside of 4.32% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. UBS Group reissued a "buy" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research note on Friday, August 15th. JPMorgan Chase & Co. dropped their price objective on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 365 price objective on shares of Hochschild Mining in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 315.83.

Hochschild Mining Stock Performance

Shares of LON:HOC opened at GBX 268.40 on Thursday. Hochschild Mining has a 52 week low of GBX 158.60 and a 52 week high of GBX 333.80. The stock has a market capitalization of £1.74 billion, a P/E ratio of 57.25, a PEG ratio of 0.41 and a beta of 1.08. The firm has a fifty day simple moving average of GBX 279.96 and a two-hundred day simple moving average of GBX 262.54. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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.

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