Hochschild Mining (LON:HOC) Given New GBX 370 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced Hochschild Mining's target price from GBX 390 to GBX 370, while maintaining an "overweight" rating, suggesting a potential upside of 37.85% from the current price.
• Other research firms like Berenberg Bank and Canaccord Genuity have issued ratings of "hold" and "buy" with target prices of GBX 300 and GBX 365, respectively.
• Hochschild Mining's shares opened at GBX 268.40 and have fluctuated between a one-year low of GBX 158.60 and a high of GBX 333.80.

Hochschild Mining (LON:HOC - Free Report) had its price target lowered by JPMorgan Chase & Co. from GBX 390 to GBX 370 in a report published on Thursday, MarketBeat reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently commented on HOC. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 365 price objective on shares of Hochschild Mining in a research note on Wednesday, August 27th. UBS Group reaffirmed a "buy" rating and set a GBX 300 price objective on shares of Hochschild Mining in a research note on Friday, August 15th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 300 price objective on shares of Hochschild Mining in a research note on Wednesday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 315.83.

Hochschild Mining Trading Up 2.5%

Shares of HOC stock traded up GBX 7.60 during trading hours on Thursday, reaching GBX 307.60. The company had a trading volume of 16,139,052 shares, compared to its average volume of 2,926,814. The firm has a market cap of £1.58 billion, a price-to-earnings ratio of 1,618.95, a P/E/G ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 1-year low of GBX 158.60 and a 1-year high of GBX 333.80. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The company has a 50 day moving average of GBX 282.21 and a 200 day moving average of GBX 265.42.

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.