Hochschild Mining (LON:HOC) Price Target Cut to GBX 370 by Analysts 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 - Get Free Report) had its target price dropped by investment analysts at JPMorgan Chase & Co. from GBX 390 to GBX 370 in a report released on Thursday,London Stock Exchange reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 37.85% from the stock's current price.

Several other research firms also recently commented on HOC. Berenberg Bank restated a "hold" rating and set a GBX 300 target price on shares of Hochschild Mining in a research report on Wednesday, July 23rd. Canaccord Genuity Group restated a "buy" rating and set a GBX 365 target price on shares of Hochschild Mining in a research report on Wednesday. Finally, UBS Group restated a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Five equities research 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, Hochschild Mining has an average rating of "Moderate Buy" and a consensus price target of GBX 315.83.

Hochschild Mining Stock Performance

Shares of LON HOC opened at GBX 268.40 on Thursday. The business has a fifty day simple moving average of GBX 279.96 and a 200 day simple moving average of GBX 262.54. 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 capitalization of £1.74 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 0.41 and a beta of 1.08. Hochschild Mining has a one year low of GBX 158.60 and a one year high of GBX 333.80.

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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