Hochschild Mining (LON:HOC) Given "Buy" Rating at Peel Hunt

Key Points

• Hochschild Mining has been given a "Buy" rating by Peel Hunt, with a price target of GBX 340, indicating a potential downside of 10.27% from its previous close.
• Other analysts have varied opinions, with Berenberg Bank lowering their target price to GBX 280 while Canaccord Genuity reaffirms its "buy" rating with a target of GBX 365.
• Hochschild Mining shares are currently trading at GBX 378.91, representing a 1.5% decrease during Tuesday's trading session.

Hochschild Mining (LON:HOC - Get Free Report)'s stock had its "buy" rating reissued by analysts at Peel Hunt in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 340 price target on the stock. Peel Hunt's price objective points to a potential downside of 10.27% from the stock's previous close.

HOC has been the subject of several other reports. Berenberg Bank decreased their target price on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating for the company in a research report on Thursday, August 28th. UBS Group reiterated a "buy" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. JPMorgan Chase & Co. lowered their target price on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 365 price target on shares of Hochschild Mining in a research note on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 319.29.

Hochschild Mining Trading Down 1.5%

Shares of LON:HOC traded down GBX 5.69 during trading on Tuesday, hitting GBX 378.91. 5,066,661 shares of the company's stock were exchanged, compared to its average volume of 3,205,337. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a market cap of £1.95 billion, a P/E ratio of 1,306.60, a PEG ratio of 0.41 and a beta of 1.08. The firm has a 50-day moving average price of GBX 316.46 and a two-hundred day moving average price of GBX 288.50. Hochschild Mining has a 1-year low of GBX 166 and a 1-year high of GBX 393.80.

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.

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