Hochschild Mining (LON:HOC) Upgraded at Berenberg Bank

Hochschild Mining (LON:HOC) was upgraded by equities research analysts at Berenberg Bank to a “buy” rating in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a GBX 570 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 24.67% from the stock’s previous close.

Separately, JPMorgan Chase & Co. raised Hochschild Mining to an “overweight” rating and raised their price objective for the company from GBX 820 to GBX 840 in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hochschild Mining currently has a consensus rating of “Buy” and a consensus target price of GBX 560.

Hochschild Mining Price Performance

HOC stock opened at GBX 457.20 on Monday. The firm has a 50 day moving average of GBX 520.36 and a 200-day moving average of GBX 604.43. The company has a market cap of £2.35 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.41 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 1.87 and a debt-to-equity ratio of 47.67. Hochschild Mining has a 12-month low of GBX 246.20 and a 12-month high of GBX 849.50.

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.