Berenberg Bank Reaffirms Hold Rating for Hochschild Mining (LON:HOC)

Hochschild Mining (LON:HOC)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 590 target price on the stock. Berenberg Bank’s target price would suggest a potential downside of 8.06% from the stock’s current price.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 750 price target on shares of Hochschild Mining in a research report on Thursday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Hochschild Mining from GBX 990 to GBX 950 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 586.

Hochschild Mining Stock Performance

LON HOC opened at GBX 641.70 on Thursday. Hochschild Mining has a twelve month low of GBX 231 and a twelve month high of GBX 849.50. The company has a market capitalization of £3.30 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.41 and a beta of 1.00. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67. The stock has a fifty day simple moving average of GBX 661.83 and a 200 day simple moving average of GBX 541.85.

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.