Hochschild Mining (LON:HOC) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Hochschild Mining (LON:HOC) had its price objective boosted by research analysts at Canaccord Genuity Group from GBX 490 to GBX 750 in a note issued to investors on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 19.90% from the company’s current price.

HOC has been the topic of a number of other research reports. Peel Hunt reiterated a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. Berenberg Bank upped their price target on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut shares of Hochschild Mining to a “neutral” rating and increased their target price for the stock from GBX 600 to GBX 670 in a report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Stock Up 4.2%

Shares of LON:HOC opened at GBX 625.50 on Thursday. The firm has a market cap of £3.22 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 12 month low of GBX 166 and a 12 month high of GBX 634. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The company’s 50-day moving average price is GBX 468.65 and its two-hundred day moving average price is GBX 373.75.

Insider Buying and Selling at Hochschild Mining

In related news, insider Mike Sylvestre purchased 1,620 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of GBX 331 per share, for a total transaction of £5,362.20. Corporate insiders own 43.62% of the company’s stock.

About Hochschild Mining

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.