Hochschild Mining (LON:HOC) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of Hochschild Mining (LON:HOC) to an overweight rating in a report issued on Thursday,Digital Look reports. They currently have GBX 840 price objective on the stock, up from their prior price objective of GBX 820.

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 590 target price on shares of Hochschild Mining in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hochschild Mining presently has an average rating of “Moderate Buy” and an average price target of GBX 564.

Hochschild Mining Stock Down 4.9%

Shares of LON:HOC opened at GBX 438 on Thursday. 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 firm has a market cap of £2.25 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.41 and a beta of 0.95. Hochschild Mining has a 12 month low of GBX 246.20 and a 12 month high of GBX 849.50. The company’s 50-day moving average price is GBX 523.32 and its two-hundred day moving average price is GBX 604.92.

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.