Canaccord Genuity Group Boosts Hochschild Mining (LON:HOC) Price Target to GBX 370

Hochschild Mining (LON:HOC) had its price objective raised by analysts at Canaccord Genuity Group from GBX 285 ($3.79) to GBX 370 ($4.92) in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 17.22% from the company’s previous close.

A number of other research firms have also recently weighed in on HOC. Berenberg Bank dropped their price objective on shares of Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.66) and set a “hold” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.99) price target on shares of Hochschild Mining in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.59) price objective for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 290 ($3.86).

Hochschild Mining Trading Down 1.6 %

LON:HOC opened at GBX 315.66 ($4.20) on Thursday. Hochschild Mining has a 12-month low of GBX 144.01 ($1.91) and a 12-month high of GBX 324 ($4.31). The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The business has a 50 day simple moving average of GBX 236.65 and a 200 day simple moving average of GBX 220.34. The firm has a market capitalization of £2.05 billion, a P/E ratio of 67.33, a P/E/G ratio of 0.41 and a beta of 1.08.

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.