Hochschild Mining (LON:HOC) Price Target Cut to GBX 790 by Analysts at Berenberg Bank

Hochschild Mining (LON:HOC) had its price objective cut by analysts at Berenberg Bank from GBX 800 to GBX 790 in a research note issued on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 69.16% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price target on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Hochschild Mining to an “overweight” rating and raised their price objective for the company from GBX 820 to GBX 840 in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 770.

Hochschild Mining Stock Performance

Shares of Hochschild Mining stock opened at GBX 467 on Thursday. The business has a 50-day moving average of GBX 574.46 and a 200 day moving average of GBX 560.03. Hochschild Mining has a 12 month low of GBX 309.33 and a 12 month high of GBX 849.50. The stock has a market capitalization of £2.40 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00. The company has a debt-to-equity ratio of 27.51, a current ratio of 1.08 and a quick ratio of 1.87.

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. 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.