Hochschild Mining (LON:HOC) Price Target Raised to GBX 750 at Canaccord Genuity Group

Hochschild Mining (LON:HOC) had its price target increased by Canaccord Genuity Group from GBX 490 to GBX 750 in a report released on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

HOC has been the topic of a number of other research reports. Peel Hunt reiterated a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Berenberg Bank raised their price target on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Hochschild Mining to a “neutral” rating and lifted their price target for the stock from GBX 600 to GBX 670 in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Price Performance

HOC stock opened at GBX 627.77 on Thursday. The firm has a market cap of £3.23 billion, a P/E ratio of 21.65, 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 quick ratio of 1.87 and a current ratio of 0.89. Hochschild Mining has a 1 year low of GBX 166 and a 1 year high of GBX 677. The stock has a 50-day simple moving average of GBX 473.51 and a 200-day simple moving average of GBX 375.51.

Insider Buying and Selling

In related news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of GBX 331 per share, for a total transaction of £5,362.20. 43.62% of the stock is owned by company insiders.

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.