Canaccord Genuity Group Reaffirms Buy Rating for Hochschild Mining (LON:HOC)

Key Points

• Hochschild Mining's stock has a reiterated "buy" rating from Canaccord Genuity Group, with a target price of GBX 365, indicating a potential upside of 41.91% from its current price.
• Other analysts, including JPMorgan Chase, have raised their price targets on Hochschild Mining, with a consensus rating of "Moderate Buy" and an average price target of GBX 322.50.
• Hochschild Mining currently operates three underground mines in the Americas and has experienced a 12-month trading range with a low of GBX 158.60 and a high of GBX 333.80.

Hochschild Mining (LON:HOC - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 365 price target on the stock. Canaccord Genuity Group's price target indicates a potential upside of 21.67% from the stock's previous close.

A number of other analysts also recently commented on HOC. UBS Group reiterated a "buy" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. JPMorgan Chase & Co. increased their target price on Hochschild Mining from GBX 370 to GBX 390 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 315.83.

Hochschild Mining Stock Performance

LON:HOC traded up GBX 19 during mid-day trading on Wednesday, hitting GBX 300. 2,831,212 shares of the company's stock traded hands, compared to its average volume of 2,833,766. The firm has a 50 day moving average of GBX 281.19 and a two-hundred day moving average of GBX 264.73. Hochschild Mining has a 12 month low of GBX 158.60 and a 12 month high of GBX 333.80. The firm has a market capitalization of £1.54 billion, a price-to-earnings ratio of 1,578.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 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.