Canaccord Genuity Group Reiterates "Buy" Rating for Hochschild Mining (LON:HOC)

Hochschild Mining (LON:HOC - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Canaccord Genuity Group in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 365 ($4.93) price objective on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 25.09% from the company's current price.

HOC has been the topic of several other reports. Berenberg Bank increased their price target on shares of Hochschild Mining from GBX 260 ($3.51) to GBX 300 ($4.06) and gave the stock a "hold" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. reduced their price objective on Hochschild Mining from GBX 420 ($5.68) to GBX 370 ($5.00) and set an "overweight" rating for the company in a research note on Tuesday, July 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 323 ($4.37).

Hochschild Mining Stock Up 8.5%

Shares of Hochschild Mining stock opened at GBX 291.80 ($3.94) on Wednesday. Hochschild Mining has a 1 year low of GBX 158.60 ($2.14) and a 1 year high of GBX 333.80 ($4.51). The firm has a market cap of £1.89 billion, a price-to-earnings ratio of 62.24, a PEG ratio of 0.41 and a beta of 1.08. The company has a 50-day moving average of GBX 268.01 and a 200 day moving average of GBX 245.44. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Insider Transactions at Hochschild Mining

In related news, insider Eduardo Landin acquired 77,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was purchased at an average cost of GBX 272 ($3.68) per share, with a total value of £209,440 ($283,141.81). 38.71% of the stock is currently 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.

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