Hochschild Mining (LON:HOC) Price Target Cut to GBX 285 by Analysts at Canaccord Genuity Group

Hochschild Mining (LON:HOC) had its target price dropped by analysts at Canaccord Genuity Group from GBX 310 ($3.82) to GBX 285 ($3.51) in a report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 55.29% from the stock’s current price.

Several other analysts have also recently commented on HOC. Canaccord Genuity Group raised their target price on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research note on Thursday, October 24th. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Hochschild Mining Trading Down 5.1 %

Shares of HOC stock opened at GBX 183.53 ($2.26) on Thursday. The company has a market capitalization of £944.16 million, a P/E ratio of 3,670.50, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The business’s 50 day moving average is GBX 218.86 and its two-hundred day moving average is GBX 200.64. Hochschild Mining has a twelve month low of GBX 87.30 ($1.07) and a twelve month high of GBX 251.84 ($3.10).

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.