Hochschild Mining (LON:HOC) Price Target Raised to GBX 380

Hochschild Mining (LON:HOC) had its price objective hoisted by Berenberg Bank from GBX 280 to GBX 380 in a research note released on Tuesday morning, MarketBeat.com reports. Berenberg Bank currently has a hold rating on the stock.

A number of other research firms have also recently weighed in on HOC. Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 price objective on shares of Hochschild Mining in a research report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 365 price objective on shares of Hochschild Mining in a research report on Wednesday, August 27th. JPMorgan Chase & Co. lowered their price objective on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating for the company in a research report on Thursday, August 28th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 333.57.

Hochschild Mining Stock Performance

Shares of HOC stock opened at GBX 374.98 on Tuesday. The stock has a fifty day moving average price of GBX 322.32 and a 200 day moving average price of GBX 290.51. The stock has a market cap of £1.93 billion, a PE ratio of 1,293.02, a P/E/G ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 1 year low of GBX 166 and a 1 year high of GBX 393.80. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.