Hochschild Mining (LON:HOC) Given New GBX 570 Price Target at Berenberg Bank

Hochschild Mining (LON:HOC) had its target price lifted by Berenberg Bank from GBX 430 to GBX 570 in a research note released on Thursday, Marketbeat.com reports. They currently have a hold rating on the stock.

Several other analysts have also commented on HOC. JPMorgan Chase & Co. lowered shares of Hochschild Mining to a “neutral” rating and increased their target price for the company from GBX 600 to GBX 670 in a research note on Monday. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 483.33.

Hochschild Mining Price Performance

Shares of LON HOC opened at GBX 627.77 on Thursday. Hochschild Mining has a twelve month low of GBX 166 and a twelve month high of GBX 677. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a 50-day moving average of GBX 473.51 and a two-hundred day moving average of GBX 375.51. The company has a market capitalization of £3.23 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.41 and a beta of 1.08.

Insider Activity at Hochschild Mining

In other news, insider Mike Sylvestre acquired 1,620 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of GBX 331 per share, with a total value of £5,362.20. Company insiders own 43.62% of the company’s stock.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.