JPMorgan Chase & Co. Cuts Hochschild Mining (LON:HOC) Price Target to GBX 370

Hochschild Mining (LON:HOC - Free Report) had its price objective reduced by JPMorgan Chase & Co. from GBX 420 ($5.64) to GBX 370 ($4.97) in a report published on Tuesday morning, Marketbeat reports. They currently have an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Berenberg Bank boosted their target price on shares of Hochschild Mining from GBX 260 ($3.49) to GBX 300 ($4.03) and gave the company a "hold" rating in a research note on Wednesday, July 2nd. Canaccord Genuity Group boosted their price target on shares of Hochschild Mining from GBX 285 ($3.83) to GBX 370 ($4.97) and gave the stock a "buy" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 324 ($4.35).

Hochschild Mining Stock Performance

Shares of LON HOC traded up GBX 7.60 ($0.10) during midday trading on Tuesday, hitting GBX 271.80 ($3.65). The company's stock had a trading volume of 838,674 shares, compared to its average volume of 3,041,291. Hochschild Mining has a 1-year low of GBX 158.60 ($2.13) and a 1-year high of GBX 333.80 ($4.48). The firm's fifty day moving average price is GBX 268.38 and its 200-day moving average price is GBX 244.65. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The firm has a market cap of £1.76 billion, a P/E ratio of 57.98, a P/E/G ratio of 0.41 and a beta of 1.08.

Insider Activity

In related news, insider Eduardo Landin purchased 77,000 shares of the company's stock in a transaction on Thursday, April 24th. The shares were bought at an average price of GBX 272 ($3.65) per share, with a total value of £209,440 ($281,240.77). Corporate insiders own 38.71% of the company's stock.

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.