Hochschild Mining (LON:HOC) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Hochschild Mining (LON:HOC) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a GBX 200 ($2.59) price objective on the stock.

Other research analysts have also issued reports about the company. Canaccord Genuity Group restated a buy rating and issued a GBX 190 ($2.46) target price on shares of Hochschild Mining in a research note on Tuesday, May 14th. JPMorgan Chase & Co. cut their target price on Hochschild Mining from GBX 260 ($3.36) to GBX 250 ($3.23) and set an overweight rating for the company in a research note on Wednesday, July 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hochschild Mining currently has an average rating of Moderate Buy and a consensus price target of GBX 174 ($2.25).

Hochschild Mining Stock Performance

Shares of LON HOC opened at GBX 176.20 ($2.28) on Wednesday. The business has a fifty day simple moving average of GBX 180.28 and a 200 day simple moving average of GBX 140.37. The company has a current ratio of 0.94, a quick ratio of 1.87 and a debt-to-equity ratio of 52.52. The firm has a market capitalization of £906.48 million, a price-to-earnings ratio of -2,202.50, a PEG ratio of 0.41 and a beta of 1.12. Hochschild Mining has a one year low of GBX 72.42 ($0.94) and a one year high of GBX 195 ($2.52).

Insider Buying and Selling at Hochschild Mining

In related news, insider Eduardo Landin purchased 72,500 shares of the stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of GBX 183 ($2.37) per share, for a total transaction of £132,675 ($171,592.08). Company insiders own 38.69% of the company’s stock.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.