Hochschild Mining (LON:HOC) Price Target Cut to GBX 600 by Analysts at JPMorgan Chase & Co.

Hochschild Mining (LON:HOC) had its price objective trimmed by JPMorgan Chase & Co. from GBX 610 to GBX 600 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group increased their target price on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a report on Monday, October 13th. Berenberg Bank upped their price target on Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Peel Hunt restated a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 395.83.

Hochschild Mining Stock Performance

Shares of HOC stock opened at GBX 414.77 on Wednesday. The stock has a market capitalization of £2.13 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.41 and a beta of 1.08. Hochschild Mining has a one year low of GBX 166 and a one year high of GBX 442.24. The company’s 50-day simple moving average is GBX 367.92 and its 200-day simple moving average is GBX 314.90. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

Insider Transactions at Hochschild Mining

In other news, insider Mike Sylvestre purchased 1,620 shares of Hochschild Mining stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of GBX 331 per share, with a total value of £5,362.20. Insiders own 43.62% of the company’s stock.

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.