Canaccord Genuity Group Issues Positive Forecast for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC - Get Free Report) had its price target increased by stock analysts at Canaccord Genuity Group from GBX 285 ($3.81) to GBX 370 ($4.95) in a report issued on Thursday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 21.31% from the stock's previous close.

HOC has been the topic of a number of other reports. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($4.01) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Berenberg Bank reduced their target price on Hochschild Mining from GBX 210 ($2.81) to GBX 200 ($2.68) and set a "hold" rating for the company in a report on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.61) price target for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 290 ($3.88).

Hochschild Mining Stock Performance

HOC traded down GBX 5.60 ($0.07) during trading on Thursday, reaching GBX 305 ($4.08). 5,274,473 shares of the company's stock were exchanged, compared to its average volume of 3,378,967. 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 1 year low of GBX 146.40 ($1.96) and a 1 year high of GBX 333.80 ($4.47). The company's fifty day simple moving average is GBX 239.06 and its 200-day simple moving average is GBX 221.70. The stock has a market capitalization of £1.98 billion, a P/E ratio of 65.06, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.