Hochschild Mining plc (LON:HOC – Get Free Report) shares dropped 9.5% during trading on Friday . The company traded as low as GBX 677 and last traded at GBX 678. Approximately 1,497,830 shares changed hands during trading, a decline of 76% from the average daily volume of 6,116,077 shares. The stock had previously closed at GBX 749.50.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on HOC. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 490 to GBX 750 and gave the company a “buy” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. lowered Hochschild Mining to a “neutral” rating and increased their price target for the company from GBX 600 to GBX 670 in a research report on Monday, January 19th. Finally, Berenberg Bank lifted their price objective on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.
Check Out Our Latest Stock Report on HOC
Hochschild Mining Trading Down 1.2%
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.
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