Hochschild Mining's (HOC) Buy Rating Reiterated at UBS Group

Key Points

• UBS Group has reiterated its "buy" rating for Hochschild Mining (HOC) with a price objective of GBX 300 ($4.06), indicating a potential upside of 0.54%.
• The average rating for Hochschild Mining among analysts is "Moderate Buy" with a consensus price target of GBX 322.50 ($4.36).
• Hochschild Mining's shares rose by 0.5% during trading, reaching GBX 298.40 ($4.04), with a market capitalization of £1.94 billion.

Hochschild Mining (LON:HOC - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at UBS Group in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 300 ($4.06) price objective on the stock. UBS Group's price objective indicates a potential upside of 0.54% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 300 ($4.06) price objective on shares of Hochschild Mining in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Hochschild Mining from GBX 370 ($5.01) to GBX 390 ($5.28) and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 365 ($4.94) price target on shares of Hochschild Mining in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hochschild Mining presently has an average rating of "Moderate Buy" and a consensus price target of GBX 322.50 ($4.36).

Hochschild Mining Stock Up 0.5%

Shares of LON HOC traded up GBX 1.60 ($0.02) during trading on Friday, hitting GBX 298.40 ($4.04). 1,583,069 shares of the company traded hands, compared to its average volume of 2,851,361. The business's fifty day moving average is GBX 273.14 and its 200 day moving average is GBX 255.20. Hochschild Mining has a fifty-two week low of GBX 158.60 ($2.15) and a fifty-two week high of GBX 333.80 ($4.52). The firm has a market capitalization of £1.94 billion, a price-to-earnings ratio of 63.65, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.

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