Hochschild Mining (LON:HOC) Earns Buy Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity reiterated a Buy rating on Hochschild Mining and set a target price of GBX 750, implying about a 10.48% upside from the stock's previous close.
• Overall analyst sentiment is positive—five Buy ratings and one Hold give a consensus "Moderate Buy" with an average price target of GBX 536.67—while shares recently opened at GBX 678.87, trading above that consensus target.

Hochschild Mining (LON:HOC - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They currently have a GBX 750 target price on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 10.48% from the stock's previous close.

Several other research firms also recently commented on HOC. Berenberg Bank lifted their price objective on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the stock a "hold" rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. downgraded Hochschild Mining to a "neutral" rating and upped their target price for the company from GBX 600 to GBX 670 in a research report on Monday, January 19th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hochschild Mining has an average rating of "Moderate Buy" and a consensus price target of GBX 536.67.

Hochschild Mining Trading Up 4.5%

Shares of Hochschild Mining stock opened at GBX 678.87 on Thursday. The firm's 50 day simple moving average is GBX 662.70 and its two-hundred day simple moving average is GBX 477.54. The firm has a market capitalization of £3.49 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.41 and a beta of 0.80. Hochschild Mining has a 12-month low of GBX 216.50 and a 12-month high of GBX 849.50. The company has a current ratio of 0.75, a quick ratio of 1.87 and a debt-to-equity ratio of 49.70.

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.

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