Hochschild Mining (LON:HOC) Price Target Raised to GBX 800

Hochschild Mining (LON:HOC) had its target price hoisted by Berenberg Bank from GBX 570 to GBX 800 in a report published on Friday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 625 target price on shares of Hochschild Mining in a research note on Wednesday, August 26th. JPMorgan Chase & Co. upgraded shares of Hochschild Mining to an “overweight” rating and lifted their price target for the stock from GBX 820 to GBX 840 in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 671.

Hochschild Mining Price Performance

Shares of HOC stock opened at GBX 667.50 on Friday. Hochschild Mining has a 12 month low of GBX 266.60 and a 12 month high of GBX 849.50. The company has a market capitalization of £3.43 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.41 and a beta of 0.95. The stock has a 50 day moving average of GBX 498.15 and a two-hundred day moving average of GBX 586.84. The company has a current ratio of 1.08, a quick ratio of 1.87 and a debt-to-equity ratio of 27.51.

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.