JPMorgan Chase & Co. Has Lowered Expectations for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its target price dropped by analysts at JPMorgan Chase & Co. from GBX 950 to GBX 820 in a research note issued to investors on Thursday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 81.58% from the company’s previous close.

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 590 price target on shares of Hochschild Mining in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hochschild Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 560.

Hochschild Mining Stock Performance

Shares of HOC opened at GBX 451.60 on Thursday. The firm has a market cap of £2.32 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.41 and a beta of 0.95. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67. The business’s 50 day moving average is GBX 549.70 and its two-hundred day moving average is GBX 607.73. Hochschild Mining has a 52-week low of GBX 246.20 and a 52-week high of GBX 849.50.

Hochschild Mining Company Profile

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.