Hochschild Mining plc (LON:HOC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Hochschild Mining plc has received a consensus rating of "Moderate Buy" from six analysts, with one hold rating and five buy ratings.
• The average 1-year price target for Hochschild Mining shares is GBX 322.50, and several firms have set varying target prices with JPMorgan increasing theirs to GBX 390.
• The company's stock price increased by 0.5% during mid-day trading, hitting GBX 298.40, with a current market capitalization of £1.94 billion.

Hochschild Mining plc (LON:HOC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 322.50.

A number of analysts have recently commented on HOC shares. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 365 price objective on shares of Hochschild Mining in a research report on Wednesday, July 23rd. Berenberg Bank reissued a "hold" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Wednesday, July 23rd. UBS Group reissued a "buy" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hochschild Mining from GBX 370 to GBX 390 and gave the stock an "overweight" rating in a research report on Thursday, July 24th.

Hochschild Mining Stock Up 1.6%

Shares of HOC stock traded up GBX 4.60 during trading on Friday, reaching GBX 295. The company's stock had a trading volume of 710,872 shares, compared to its average volume of 2,811,625. The business has a fifty day moving average price of GBX 275.16 and a 200-day moving average price of GBX 258.57. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.92 billion, a price-to-earnings ratio of 62.92, a price-to-earnings-growth 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.