Hochschild Mining (LON:HOC) Rating Increased to Overweight at JPMorgan Chase & Co.

Hochschild Mining (LON:HOC) was upgraded by investment analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a GBX 840 target price on the stock, up from their prior target price of GBX 820. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 86.42% from the stock’s current price.

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 590 target price on shares of Hochschild Mining in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 564.

Hochschild Mining Price Performance

Shares of LON:HOC opened at GBX 450.60 on Thursday. The company has a market cap of £2.32 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.41 and a beta of 0.95. The business has a fifty day simple moving average of GBX 527.73 and a 200-day simple moving average of GBX 605.28. Hochschild Mining has a 52 week low of GBX 246.20 and a 52 week high of GBX 849.50. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67.

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.