Shares of Hochschild Mining Plc (LON:HOC) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 198.80 ($2.75) and last traded at GBX 200.10 ($2.76), with a volume of 1140000 shares trading hands. The stock had previously closed at GBX 200.10 ($2.76).
A number of analysts have issued reports on HOC shares. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and lifted their price target for the company from GBX 260 ($3.59) to GBX 270 ($3.73) in a report on Thursday, November 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 235 ($3.25) price target on shares of Hochschild Mining in a report on Friday, November 10th. Numis Securities downgraded shares of Hochschild Mining to a “hold” rating and reduced their price target for the company from GBX 250 ($3.45) to GBX 230 ($3.18) in a report on Friday, December 15th. Finally, Barclays reiterated an “equal weight” rating and issued a GBX 235 ($3.25) price target on shares of Hochschild Mining in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Hochschild Mining currently has a consensus rating of “Hold” and an average price target of GBX 244 ($3.37).
The company has a market capitalization of $1,030.00 and a price-to-earnings ratio of 3,335.00.
In other news, insider Ignacio Bustamante sold 90,000 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of GBX 257 ($3.55), for a total value of £231,300 ($319,563.42).
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Hochschild Mining Company Profile
Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. It has approximately three operating mines (Arcata, Pallancata and Inmaculada) located in southern Peru and approximately one operating mine (San Jose) located in Argentina. Its segments include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.
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