Hochschild Mining (LON:HOC) Price Target Raised to GBX 750

Hochschild Mining (LON:HOC) had its target price raised by Canaccord Genuity Group from GBX 490 to GBX 750 in a report published on Thursday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the company. Peel Hunt restated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research note on Tuesday, October 7th. Berenberg Bank boosted their price objective on Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Hochschild Mining to a “neutral” rating and raised their target price for the company from GBX 600 to GBX 670 in a research note on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Trading Up 3.7%

Hochschild Mining stock opened at GBX 702 on Thursday. The stock has a market cap of £3.61 billion, a P/E ratio of 24.21, a PEG ratio of 0.41 and a beta of 1.08. Hochschild Mining has a fifty-two week low of GBX 166 and a fifty-two week high of GBX 707.50. The firm’s fifty day moving average price is GBX 480.07 and its 200-day moving average price is GBX 379.27. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

Insider Buying and Selling at Hochschild Mining

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

Hochschild Mining Company Profile

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.