UBS Group Trims Hochschild Mining (HOC) Target Price to GBX 170

Hochschild Mining (LON:HOC) had its target price lowered by investment analysts at UBS Group from GBX 200 ($2.61) to GBX 170 ($2.21) in a report issued on Thursday, www.digitallook.com reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 6.95% from the company’s previous close.

A number of other research firms have also recently weighed in on HOC. Numis Securities raised Hochschild Mining to a “buy” rating and set a GBX 210 ($2.74) price objective for the company in a research report on Thursday, August 16th. Barclays lowered their price objective on Hochschild Mining from GBX 230 ($3.00) to GBX 170 ($2.21) and set an “equal weight” rating for the company in a research report on Wednesday, July 18th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a GBX 270 ($3.52) price objective on shares of Hochschild Mining in a research report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 212.50 ($2.77).

Shares of LON:HOC opened at GBX 158.95 ($2.07) on Thursday. Hochschild Mining has a 12-month low of GBX 196.15 ($2.56) and a 12-month high of GBX 337.60 ($4.40).

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, explores for, mines, processes, and sells silver and gold in the Americas. The company also offers doré and concentrates. It holds a 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru; and Arcata, an underground operation located in the Department of Arequipa in southern Peru, as well as a 51% interest in the San Jose silver/gold mine is located in Argentina.

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Analyst Recommendations for Hochschild Mining (LON:HOC)

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