Brokerages Set Hochschild Mining plc (LON:HOC) Target Price at GBX 357.50

Shares of Hochschild Mining plc (LON:HOC) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 357.50.

Several equities research analysts have weighed in on HOC shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research report on Monday, October 13th. Berenberg Bank increased their price target on Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price target on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 300 price target on shares of Hochschild Mining in a research report on Friday, August 15th.

Insiders Place Their Bets

In related news, insider Mike Sylvestre purchased 1,620 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of GBX 331 per share, with a total value of £5,362.20. Corporate insiders own 43.62% of the company’s stock.

Hochschild Mining Stock Performance

Shares of HOC stock opened at GBX 328 on Wednesday. The firm has a market capitalization of £1.69 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. 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 fifty day moving average of GBX 345.03 and a 200 day moving average of GBX 301.95. Hochschild Mining has a 1 year low of GBX 166 and a 1 year high of GBX 442.24.

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.