Royal Bank of Canada Cuts Hochschild Mining (OTCMKTS:HCHDF) Price Target to GBX 200

Hochschild Mining (OTCMKTS:HCHDFGet Rating) had its price target lowered by equities research analysts at Royal Bank of Canada from GBX 250 ($3.25) to GBX 200 ($2.60) in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research firms have also recently commented on HCHDF. Berenberg Bank upgraded shares of Hochschild Mining from a “hold” rating to a “buy” rating in a report on Wednesday, April 6th. UBS Group decreased their price objective on Hochschild Mining from GBX 391 ($5.09) to GBX 376 ($4.89) in a report on Thursday, February 24th. BMO Capital Markets dropped their target price on Hochschild Mining from GBX 150 ($1.95) to GBX 125 ($1.63) in a report on Friday, February 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hochschild Mining from GBX 190 ($2.47) to GBX 200 ($2.60) in a research note on Thursday, February 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $225.25.

Shares of OTCMKTS HCHDF traded down $0.10 during midday trading on Wednesday, reaching $1.80. The stock had a trading volume of 4,582 shares, compared to its average volume of 32,270. Hochschild Mining has a twelve month low of $1.30 and a twelve month high of $2.95. The company’s 50 day moving average price is $1.66 and its 200 day moving average price is $1.76.

Hochschild Mining Company Profile (Get Rating)

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver in the Americas. The company holds 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru; a 51% interest in the San Jose silver/gold mine is located in Argentina; and Arcata, an underground operation located in the Department of Arequipa in southern Peru.

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