Hochschild Mining (LON:HOC) Given “Buy” Rating at Jefferies Financial Group

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Wednesday, London Stock Exchange reports. They currently have a GBX 700 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 42.28% from the company’s previous close.

Several other analysts have also recently issued reports on HOC. Berenberg Bank upped their target price on shares of Hochschild Mining from GBX 570 to GBX 800 and gave the company a “buy” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. raised shares of Hochschild Mining to an “overweight” rating and increased their price target for the company from GBX 820 to GBX 840 in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Hochschild Mining currently has a consensus rating of “Buy” and a consensus price target of GBX 772.50.

Hochschild Mining Stock Performance

Shares of LON:HOC opened at GBX 492 on Wednesday. Hochschild Mining has a 52 week low of GBX 309.33 and a 52 week high of GBX 849.50. The stock has a market capitalization of £2.53 billion, a P/E ratio of 8.48, a PEG ratio of 0.41 and a beta of 1.00. The firm has a fifty day simple moving average of GBX 575.32 and a two-hundred day simple moving average of GBX 560.92. The company has a quick ratio of 1.87, a current ratio of 1.08 and a debt-to-equity ratio of 27.51.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.