Hochschild Mining plc (LON:HOC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Hochschild Mining plc (LON:HOC) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 395.83.

Several research analysts have commented on the company. Peel Hunt restated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research note on Tuesday, October 7th. 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. Canaccord Genuity Group raised their price objective on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Hochschild Mining from GBX 610 to GBX 600 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd.

Insider Activity at Hochschild Mining

In other news, insider Mike Sylvestre purchased 1,620 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of GBX 331 per share, with a total value of £5,362.20. 43.62% of the stock is owned by company insiders.

Hochschild Mining Price Performance

Hochschild Mining stock opened at GBX 470 on Thursday. The firm has a market capitalization of £2.42 billion, a P/E ratio of 16.21, 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 488.80. 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 price of GBX 383.97 and a 200-day moving average price of GBX 326.81.

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.