Hochschild Mining (LON:HOC) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Hochschild Mining (LON:HOC) in a research report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 340 price objective on the stock.

Several other brokerages have also issued reports on HOC. UBS Group reiterated a “buy” rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. Berenberg Bank decreased their price objective on Hochschild Mining from GBX 300 to GBX 280 and set a “hold” rating for the company in a research report on Thursday, August 28th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 365 target price on shares of Hochschild Mining in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. cut their target price on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 319.29.

Hochschild Mining Price Performance

Shares of HOC opened at GBX 377.94 on Tuesday. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock has a 50 day simple moving average of GBX 318.42 and a 200 day simple moving average of GBX 289.13. Hochschild Mining has a 52-week low of GBX 166 and a 52-week high of GBX 393.80. The firm has a market capitalization of £1.94 billion, a PE ratio of 1,303.24, a P/E/G ratio of 0.41 and a beta of 1.08.

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.