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 - Free Report) had its price target reduced by Berenberg Bank from GBX 300 to GBX 280 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Berenberg Bank currently has a hold rating on the stock.

Several other research analysts have also commented on the company. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 365 target price on shares of Hochschild Mining in a research report on Wednesday, August 27th. UBS Group reiterated a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. decreased their target price on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 315.83.

Hochschild Mining Stock Performance

Shares of HOC traded up GBX 7.60 during mid-day trading on Thursday, hitting GBX 307.60. The stock had a trading volume of 16,139,052 shares, compared to its average volume of 2,926,814. The company has a market cap of £1.58 billion, a PE ratio of 1,618.95, a PEG ratio of 0.41 and a beta of 1.08. The company's fifty day simple moving average is GBX 282.21 and its two-hundred day simple moving average is GBX 265.42. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. Hochschild Mining has a fifty-two week low of GBX 158.60 and a fifty-two week high of GBX 333.80.

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.