Hochschild Mining (HOC) Upgraded to “Outperform” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Hochschild Mining (LON:HOC) to an outperform rating in a research note published on Friday morning. They currently have GBX 255 ($3.33) price objective on the stock, up from their previous price objective of GBX 200 ($2.61).

Other equities analysts have also issued research reports about the stock. UBS Group reissued a neutral rating on shares of Hochschild Mining in a research report on Thursday, August 16th. Numis Securities raised shares of Hochschild Mining to an add rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. raised shares of Hochschild Mining to a neutral rating and cut their price objective for the company from GBX 215 ($2.81) to GBX 190 ($2.48) in a research report on Thursday, October 18th. Barclays cut their price objective on shares of Hochschild Mining from GBX 230 ($3.01) to GBX 170 ($2.22) 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 ($3.53) price objective on shares of Hochschild Mining in a research report on Thursday, August 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hochschild Mining presently has an average rating of Buy and an average price target of GBX 211.67 ($2.77).

Shares of LON:HOC traded down GBX 0.65 ($0.01) during trading on Friday, reaching GBX 162.05 ($2.12). The stock had a trading volume of 1,861,081 shares, compared to its average volume of 1,380,000. Hochschild Mining has a fifty-two week low of GBX 196.15 ($2.56) and a fifty-two week high of GBX 337.60 ($4.41).

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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