JPMorgan Chase & Co. Has Lowered Expectations for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its price target lowered by equities researchers at JPMorgan Chase & Co. from GBX 950 to GBX 820 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 92.31% from the stock’s previous close.

Separately, Berenberg Bank restated a “hold” rating and set a GBX 590 price target on shares of Hochschild Mining in a report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 560.

Hochschild Mining Price Performance

Shares of Hochschild Mining stock opened at GBX 426.40 on Thursday. The stock has a market cap of £2.19 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The company has a debt-to-equity ratio of 47.67, a quick ratio of 1.87 and a current ratio of 0.99. The stock has a 50 day moving average price of GBX 541.75 and a 200-day moving average price of GBX 606.09. Hochschild Mining has a one year low of GBX 246.20 and a one year high of GBX 849.50.

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.