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

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 285 ($3.69) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 32.87% from the company’s current price.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a report on Thursday, January 23rd.

Hochschild Mining Stock Up 11.8 %

Shares of LON HOC traded up GBX 22.70 ($0.29) during trading on Wednesday, hitting GBX 214.50 ($2.78). 4,271,046 shares of the company traded hands, compared to its average volume of 2,852,076. The firm has a market capitalization of £1.39 billion, a price-to-earnings ratio of 45.75, a P/E/G ratio of 0.41 and a beta of 1.08. The business’s fifty day moving average is GBX 196.83 and its 200 day moving average is GBX 202.25. 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 has a fifty-two week low of GBX 100.70 ($1.30) and a fifty-two week high of GBX 251.84 ($3.26).

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.