Hochschild Mining (LON:HOC) Price Target Raised to GBX 400

Key Points

• Hochschild Mining's price target has been raised by Berenberg Bank from GBX 380 to GBX 400, offering a potential upside of 12.17% from the current stock price.
• Analysts' ratings vary, with Canaccord Genuity setting a "buy" rating and a price target of GBX 465, while JPMorgan lowered their target to GBX 370 but maintained an "overweight" rating.
• The company has a consensus rating of "Moderate Buy" and an average price target of GBX 350.71 among six analysts, with one rating it as a Hold.

Hochschild Mining (LON:HOC - Get Free Report) had its price target upped by investment analysts at Berenberg Bank from GBX 380 to GBX 400 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "hold" rating on the stock. Berenberg Bank's target price indicates a potential upside of 12.17% from the stock's current price.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the company a "buy" rating in a report on Monday, October 13th. JPMorgan Chase & Co. cut their price objective on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a report on Thursday, August 28th. UBS Group reaffirmed a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. Finally, Peel Hunt reaffirmed a "buy" rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Hochschild Mining currently has a consensus rating of "Moderate Buy" and an average price target of GBX 350.71.

Hochschild Mining Stock Performance

Hochschild Mining stock traded up GBX 8.20 during mid-day trading on Wednesday, reaching GBX 356.60. 28,650,832 shares of the company's stock were exchanged, compared to its average volume of 3,320,012. Hochschild Mining has a one year low of GBX 166 and a one year high of GBX 442.24. The firm has a market capitalization of £1.83 billion, a PE ratio of 12.30, a P/E/G ratio of 0.41 and a beta of 1.08. The business's fifty day simple moving average is GBX 339.65 and its 200 day simple moving average is GBX 298.73. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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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