Hochschild Mining (LON:HOC) Price Target Raised to GBX 310

Hochschild Mining (LON:HOC) had its target price increased by analysts at Canaccord Genuity Group from GBX 220 ($2.86) to GBX 310 ($4.02) in a research report issued to clients and investors on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 28.28% from the company’s previous close.

HOC has been the subject of several other research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.60) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 250 ($3.25) target price on shares of Hochschild Mining in a report on Thursday, August 29th.

Hochschild Mining Stock Performance

HOC traded up GBX 5.65 ($0.07) during trading hours on Thursday, hitting GBX 241.65 ($3.14). 2,391,885 shares of the stock were exchanged, compared to its average volume of 1,538,004. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a 50-day simple moving average of GBX 187.97 and a 200-day simple moving average of GBX 176.67. Hochschild Mining has a 12 month low of GBX 84 ($1.09) and a 12 month high of GBX 251.84 ($3.27). The stock has a market cap of £1.24 billion, a price-to-earnings ratio of 4,810.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

About Hochschild Mining

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.