Berenberg Bank Cuts Hochschild Mining (LON:HOC) Price Target to GBX 200

Hochschild Mining (LON:HOC) had its price objective lowered by Berenberg Bank from GBX 210 ($2.72) to GBX 200 ($2.59) in a report published on Wednesday,Digital Look reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.69) target price on shares of Hochschild Mining in a research report on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) target price on the stock in a report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 273 ($3.53).

Hochschild Mining Price Performance

Shares of LON HOC opened at GBX 234 ($3.03) on Wednesday. The business has a fifty day moving average price of GBX 197.12 and a two-hundred day moving average price of GBX 202.90. The stock has a market capitalization of £1.52 billion, a PE ratio of 49.91, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. Hochschild Mining has a fifty-two week low of GBX 109 ($1.41) and a fifty-two week high of GBX 251.84 ($3.26).

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.